Positively, I learned that the work doesn't stop on account of weather, i've had some  guys tell me that they turn the furnace up and keep working on the inside of the property.

I have conducted a lot of training on market selection, forecasting what markets will do and building teams in those markets.  

And are you positive that the basement doesn't take on water in wet weather?  

I then look at population growth actual and forecasted.

It includes measures such as weatherization, new windows, or a furnace free of charge to the owner.

Brisbane is quite a nice place I found - although you must admit the weather in Perth is hard to beat. :)

Talk to folks at the Chamber of Commerce to get the scoop on the area's economic forecast and how other businesses see the future of MHPs in the area.We just had two cases of older Parks being run out of business b/c the new City Council created so many new ordinances there was no way the owners could afford to become compliant with the new rules.  

Offer Price: $200KFinancing: FHA loan, 3.5% down payment (already pre approved for this home); 3.875% rate, 30 year fixedRents according to MLS posting: Unit 1 - $1310, Unit 2 - $1100, Unit 3 - $720; Total = $3,130Expenses: I'm forecasting 57% in expenses (more conservative than 50% rule) --> Property taxes - 4.6%Insurance - $1000 policyRepairs/maintenance - 5% of gross monthly rentUtilities - 1% of gross monthly rentCap Ex - 2% of gross monthly rentVacancy - 10% of gross monthly rentProperty management - 12% of gross monthly rentMortgage + PMI = approx $1,043 monthlyCash Flow (monthly): $163Cap Rate: 18.8% (gross annual rents divided by purchase price, correct?)

Better to resell retail.Minor rehabs with the seller and doing a joint venture it's a good way to go versus WholesalingSay you have 10,000 In work for a $100,000 ARV you can get the seller more money with  a joint venture than you can with the 70% of your ARV minus repairs of 10,000Try it yourselfInvestor 70% of ARV 100k -10,000 is 60,000 minus say 5000 in wholesaling assignment fee is 55,000 net to the sellerIn my opinion that's a ****** offer for the sellerA joint venture works this wayWork backwards and take 10,000 in  private lender money with 10  per cent interest is 11,000Take a $10,000 joint venture feeThen forecast 10% cost to sell with an agent which is about $10,000 to sellTotal is $31,000Net to seller is $69,000Minor rehabs with the seller in my opinion have a lot of opportunity because Real estate agents cannot sell it and investors will give them a ****** offer at 70% of ARV minus repairs minus wholesaling feeI think the other opportunity is with probate attorneys and letting them know that you can do a service for their heirs, from cleaning out the house and putting in storage, to updating the kitchen and the bathrooms to reselling the house all in 90 daysThe mechanics is a mortgage + note OR deed of trust + note with no payments for four months AKA moratoriumPrivate lender gets note of loan plus interestAll notes get paid upon resaleIf you are licensed you can get the commission too@Sharon VornholtRick H.Sharon and Rick are awesome with probate investing 

Overall, look for Houston to weather the storm as more companies with ties unrelated to oil relocate here.