Probably the funniest marketing failure I’ve had was when I bought a few reams of yellow paper and created a yellow letter that would take up only half the page so I could put two letters on each sheet, printed in landscape orientation.

In a neighborhood but very privately landscaped - you never have to see your neighbors.  

In other words if you live in a duplex, you can only deduct half of your expenses such as depreciation, landscaping, common utilities, etc if they benefit the entire property.

I was wondering if I could get some feedback from seasoned MHP investors on the following potential deal:21 Owner Occupied Lots @ $225-$235 5 Rentals Units @ $295-$365 22 Vacant Lots 1 Stick Built Home Sold on Contract @ $595Average Monthly Income: ~$7,005 which equates to ~$260 per lotGross Income Income: $84,060 Expenses: Landscaping / Maintenance: $8,350 (9.93%) Insurance (liability only): $250 (0.30%) Real Estate Taxes: $8,400 (9.99%) Utilities: $2,700 (3.21%) Administration: $1,800 (2.14%) Waste Management: $4,600 (5.47%) Total Expenses: $26,100 (31.05%) Net Operating Income: $57,960Assuming a 10% Cap rate the value of this property today would be $579,600. 

This can include utility hookups, foundation, landscaping, permits, and more.

My wife I are going to renovate and update the entire house, build a large wrap around deck with a pool and hot tub, and do extensive landscaping filled with native plants and fruit trees.

My wife I are going to renovate and update the entire house, build a large wrap around deck with a pool and hot tub, and do extensive landscaping filled with native plants and fruit trees.

My wife I are going to renovate and update the entire house, build a large wrap around deck with a pool and hot tub, and do extensive landscaping filled with native plants and fruit trees.

Paint, some landscaping, repaired deck, kitchen remodel, new flooring and exterior paint What was the outcome?

Windows need replacement, upgrade flooring, upgrade kitchen, upgrade all fixtures and fans, and upgrade out side landscape