If anyone wants to partner up to get into some larger multi-family units, let me know. cavan, I'll shoot you a PM we do ground up multi in columbus as well as land development for larger multifamily with underpriced land 

These are double wide homes that would be attached to the permanent foundation (on owned land, not in a park) and that the investor would look to sell right away to people that would occupy the homes as their primary residence. 

Maybe never in CO but other areas have seen it happen.Personally I am always trying to tell others that they need to look carefully in any area no matter how attractive the deals are.I agree that you need to work with an agent who knows the lay of the land.

Storage units, industrial, raw land, development (a form of value add), zoning changes (a form of value add), office, hotel/motel, NNN, etc.  

First step is a free call to the zoning board to find out what you can do with the land.

For these properties, I’ve calculated the Net Operating Income (NOI) based on 100% occupancy, then subtracted approximately 33% for expenses.Storage 1Unit Number: 105Size of Land: Litter under 1acre, probably not expandablePopulation: about 34K within 3 miles,Population Growth: 2-5% per yearTraffic Count: about 4KRent at 100%: $110KProjected NOI after deducting 33%: $73.7KAsking: $900KOffer price: $730-780K?

We wouldn't be able to land deals at such prices, able to cash flow, without going through the number of properties we did. 

A few make it big and a few astronauts landed on the moon too.

It adds little to no value to the land.

Also, we just landed another deal so that gives me an excuse to stay focus on stabilizing this asset in the next few months.