I work for a local Property Management company as see a wide diversity of investment opportunities in my city.

Which jumps ACT coverage to $54k++ which is 2x my cost into these homes including the land.Anyrate just wanting to call a few insurers who insure whole portfolios of double wides on their own land.   

I’m joining BP because after listening to a majority of the podcasts and reading a few of the books recommended by the guests on the podcasts, I realized I’m missing out on surrounding myself with individuals in the real estate community and the wide array of knowledge BP provides.

Expenses such as roof, utilities that serve the entire building, and other building wide expenses are expensed on a pro-rata basis.

But if your property has a high-end kitchen and the other one doesn't, an appraiser might add $10k back and value yours at $110k.You might try to get your hands on a few appraisals to learn how appraisers value a property and add/subtract value based on features, square footage, and fixtures/finish.While I'm sure this varies wildly, I've found that some realtors rely too heavily on automated comps or CMAs when valuing properties, and these can be off by a wide margin.

Sharing here for your convenience:The formula posted above by Account Closed is widely used for determining your max offer: 65% (or 70% as shown on the example below) of ARV, minus repair costs, minus your assignment fee = your max offer.The After Repair Value (ARV) is the estimated full retail price of the property after it is repaired and in "tip top" condition and ready for sale, and you would need to plug that number into the formula above.For example, if you determine a property would retail for $100k, you could use that as your ARV.

We've moved 100% from stick built rentals to double wides on their own land.  

I've talked to 3 realtors so far with widely varying valuations.2 who specialize in single-family homes say around 300K.The other one is a property manager and is looking for investment properties.He says it is more around 375K.If anyone has connections in Portland I would be grateful!

Hey Rod,Yes most of the "guru" programs are widely and nakedly despised here on BP, and to some extent for good reason.

You didn't mention if it was a single wide or double wide home and also if it is just blocked up or does it have some sort of permanent foundation?