If the proforma has the rent roll at $1400 a month, there is a discrepancy that could lead you into a bad assumption on your business plan.Also one caveat, be aware of physical delineations around the area like bridges or railroad tracks or a canal. 

All too typical park owner who took all the profit out of the park without reinvesting in the business then wants to sell you the potential he was too cheap to invest in. 

I am getting a mortgage for about $175k, putting 70k down, and the rent of approx $1900 is a near breakeven cash flow investment when I self manage.I am sure there are investors out there getting better returns than this, but I am a busy working man with a family and I am playing the long game.

They were selling on pro forma, but the market and the debt market have shifted, and it's aa lot harder to achieve higher pricing with lower rents.We've purchased over 2,000 units, and the simple answer to the question is that they are either mom and pops and run their businesses with ZERO KPIs, they do not want to risk losing tenants if they raise rents, and they don't treat their asset as a business.When you take over, it can be difficult to get rents to market if they are very suppressed.

They did poor due diligence and a poor business model.  

My unfair advantage is that real estate is my job I have made a few different businesses out of it.

A real estate business can also potentially generate a SOLO IRA or something like that. 

Hello guys , what do you think about dallasand Houston projections for 2025 is it a good market to start my wholesaling business their and what do you recommend me to do. 

Personalized advice given from years of experience can really accelerate your business.

 If you start selling houses in Virginia now 2.5 years from now your business would be humming along.