I am going to have to reduce my debt ration to under 50 and increase my credit score to over 700.

The average MH lot rent is $335 with an operating expense of $32,600 at an expense ration of 34.5%. 

They begin with our standard renovation components but then rationalize that they can improve the quality of certain aspects for only a small additional cost.

Focusing on the property instead of the deal, or just as bad, rationalizing a bad deal into a good one, is a recipe for disaster. 

Let your buyer know that the seller may be unreasonable to closing might be rushed as soon as everything comes in, they sometimes aren't the most rational people. 

I completely agree with the economic trends rational.

So while you as an investor can find a motivated seller and get a good deal, its much harder to a REIT to do this over and over again in large deals where most sellers are a lot more rational.  

You're rationalizing a bad deal by saying you can afford to make a bad deal. 

You are trying to rationalize why you should be allowed to correct your own mistakes at her expense.

A FOOL'S GAME.MikeOH wrote; Throughout the United States, operating expenses run 45% to 50% of the gross rentsTrust those numbers, do not think, "oh, these are newer 'well constructed' houses, we don't have the harsh winters" or any of the other rationalizations that will put you in the toilet 5 years down the road.