OK, I am exaggerating to make a point, but there are at least three main things going on here. 1) many of the deals you are hearing about came from purchases during the financial crisis when property values were depressed, a lot of those investments have been sold and the money made. 2) When you hear 15% IRR, you are hearing both successful deals that are outliers, and 3) you are hearing deals by people who are really really good at their craft.

If you use this with an aggressive cap rate (4-6%), and a sales agent can come up with a grossly over exaggerated sales price, and to someone who doesn’t know MH parks, it may actually look ok.My fix is that buyers need to be aware to this tactic, and read notes like this and other articles on the true cost of owning a MH rental.

The need for an LLC is grossly exaggerated on BiggerPockets and other websites.

Investors will build future expenses into their calculations but if you ask what their real cash flow is they will likely state a exaggerated number based on yesterday.The best you can do is guestimate based on educated math.

One street over in the wrong direction can make a huge difference -- no exaggeration!  

Are its numbers exaggerated?

You're simply exaggerating that you wouldn't be surprised that a law had changed significantly between say June and September, as you used in example.

Don't spend your money building ridiculous protections against an exaggerated threat.

I think a lot of times these guys are exaggerating the time they put in.that said it’s refreshing to hear real life struggles (hate to say that) of real life folks just like me trying to better themselves.

I think you'd be hard pressed to find a company that never does inspections.The carrier is simply trying to obtain an accurate assessment of the condition of the property, and prevent unscrupulous people from making false and/or exaggerated claims.