The permit was opened in 2005, and the construction was (allegedly) completed shortly thereafter.

State and federal investigators have alleged that many schools deceived these students about their future job prospects.

Imagine if they saw your post, hired some attorney, and wanted to raise discrimination allegations.

Class B-/C+ 190k -->~35k down  (includes closing cost)Tenants are there, 625 each unit (allegedly, still need to see leases and payments)... $300 cash flow post 5% vacancy, 10% capex included, PMI deduction, water, tax, and insurance. 

Have a lawyer send a letter explaining their alleged discrimination that will not be tolerated.  

Whether working as an agent or not, there is nothing preventing anyone for bringing suit making allegations.

Breach of warranty of habitability - tenant's remedies(1) If there is a breach of the warranty of habitability as set forth in section 38-12-503 (2), the following provisions shall apply:(a) Upon no less than ten and no more than thirty days written notice to the landlord specifying the condition alleged to breach the warranty of habitability and giving the landlord five business days from the receipt of the written notice to remedy the breach, a tenant may terminate the rental agreement by surrendering possession of the dwelling unit.

You could take the bad advice floating around here concerning turning someone into collections for your alleged amounts.

Allegedly, it's every bit as lucrative as being an airbnb owner but without the underlying mortgage/ownership. 

Here are the key data points:Park info  Located in Alabama61 lots25 owner occupied homes18 park owned homes (14 currently rented; 4 currently being repaired and should be rented soon)18 vacant lotsAvg lot rent - $160 (unknown what the market rate is but it doesn't sound like there has been a rent increase in at least a year, maybe more)Avg POH rent - $400Expense ratio - seller claims 26% but I'm estimating 35% for the lots and 50% for the POH'sCity water - individually meteredSeptic - good condition (allegedly); a couple were pumped last year, none this year (no lagoon thank heavens)Seller claims gross income $130k, expenses $30k, and NOI $100kI calculated gross income of ~$135k, expenses of $60k (55% on POH and 35% on lot rentals), and NOI of $75kOther infoMom & pop seller, but park is listed with a brokerPark has been on the market for > 3 years (recent price reduction)Greater metro area stats look goodPopulation = 115kMedian home price = $105kUnemployment < 8%Household income > $40kHousing vacancy ~ 15%Closest Walmart is 7 miles awayFreeway is 1.5 miles awayNumbersMy valuation is coming out about $80k-$100k under the seller's asking priceWith conventional financing I'd be hoping for a purchase price of $500k, $100k down @ 6% over 20 years (not sure if this is plausible or not)Assuming that financing, I'm expecting net cash flow of $40k (after debt service)Upside potential is in raising rent and filling the 18 vacant lotsFollowing the same assumptions above, raising rent $50 (if the market supports it) would change NOI to ~$90k and net cash flow of just over $50kFilling the vacant lots could potentially increase gross rent up to somewhere between $150k-$200k, depending on what the appropriate occupancy rate is for the areaWithout verifying any of the above information (haven't offered anything yet so there's a lot of DD left to do), the deal seems to make sense.