The title company did a search and found out the sellers haven't passed a electrical and mechanical inspections and owed money to the county for delays.

I had issues with a repair, they left my tenant with electrical issues for more than a month and never told the tenant what was going on.I am curious if the PM is my issue or the company.ThanksDavid Burrell

In diligence, compare the prior annual revenue to the reality of electrical usage (come up with a constant of power cost per day per occupied space and then take the actual power bill and see roughly how many occupied units you have).Much of RV park and mobile home park is 100% overlap: how to find them, negotiate them, do diligence on them, renegotiate them, finance them, turn them around and operate them.

Talking with multiple investors and realtors in the target markets then crunching the numbers on the markets that work for your goals, time, energy and capital will guide you to find the right property. 

I made same decision on the electrical.  

Next to electric power substation.

I am not too worried about the basic lipstick rehabbing but I will definitely need to hire contractors for the more complicated repairs: plumbing, electric, roofing etc. 

And if I was one of your clients, I would much rather you put your energy into defending me in court, then learning how to properly patch, sand, tape, and prep the walls for painting.I personally have painted a couple of my own projects, but I had the time and somewhat knowledge and experience, and also had run to the bottom of my budget at those times.A few tips/comments which may be helpful:*  As someone else previously posted - gets multiple quotes (3-5)* Ask you fellow realtor friends/associates for painter referrals* Check NextDoor.com for painter referrals* Go to the professional paint stores (Dunn-Edwards, Benjamin Moore, etc) and ask them for referrals.

We thankfully wouldn't be contracting out much but roofs and electrical.

In an age where any and all data is $$$, how does your company guarantee that all my work, time and energy driving around and cataloging all these distressed properties, won't be wrapped up and later sold as "Leads" to other investors or companies to sell?