Looking for some info as far as deal quality and things to watch out for.Price: 149,900Units: 12More info:9 lots occupied. 8 of which are park owned.3 vacant lots and room to add 4 more.Ad claims 42,000 a year in gross income currently (with the 9 occupied units).I believe that makes rent/fees income equal to $500/month per unit.Wondering what sort of stuff to be wary of when reading ads like this.

Make sure you are equal partner not just a second mortgage lender.

Hey @Russ Scheider, knowing who not to hire is equally as important. :) Thank you!  

Partners divvy up the properties equally (or as close to equal + cash) to make numbers work.

If it's in writing, you can give the exact same answer to everyone, which demonstrates you are treating everyone equally and honestly. 

Great rate assuming all else is equal, sure. 

I believe @Mindy Jensen mentioned once that posters with up-votes equal to their number of posts were more likely to be taken seriously and overall more helpful.

Looking for some info as far as deal quality and things to watch out for.Price: 149,900Units: 12More info:9 lots occupied. 8 of which are park owned.3 vacant lots and room to add 4 more.Ad claims 42,000 a year in gross income currently (with the 9 occupied units).I believe that makes rent/fees income equal to $500/month per unit.Wondering what sort of stuff to be wary of when reading ads like this.

Starting to network and building a team now will be vitally important to find those off market distressed deals. 

In Texas, for example, a dual agent can happen but they are suppose to treat both sides equally what they know and do not know.