It is 7% interest only with balloon at end of 7 year term.Monthly Interest: $7,875.00Annual Expenses: $50,000.00---------------------------------The NCF in year 1: $26,000.00+2nd year is when it really takes off at $80,000.00+ Thank you for the advice on looking at refinance a bit closer.  

The exercise of underwriting helps you sift through those to find the 1 out of 10 that’s worth taking a closer look at.

I'd love to connect with anyone in Utah who might be interested in taking some time to answer questions.

@Bryan Hartlen thanks for sharing more info.Agree that it shouldn't take this long to do MoveOut Evaluation!

The gentleman Chris Koerner seemed well educated on the topic (mobile home park investing) and he gave enough information and follow-up documents that you could take the information and run.

Hey Kyle, take a look at Redfin's market data for Phoenix and you can see the strong migration to Phoenix from affluent parts of the country like the Pacific North West.

Clients will tell us they are glad they did take our advice on this.

@Timothy Finney Glad you are ready to take action.

Great view and breeze on the hill.  

You take your share of distributions if/when there is money to share.And then I go back to the person with money.