Then layer on the operational component when these out of state buyers are reliant on 100% 3rd party oversignt and management when dealing with real estate disproportionately impacted by opex and capex and its a losing proposition.

Hello Victoria, I usually do 5% vacancy, 5% maintenance and 5% capEx.As you said this will be dependent on how old the main components are and how old the house is.

The debate that is brewing is whether client-provided walkthrough imagery is as reliable as having the cost seg engineer survey the building components on site. 

A lot of components and easy to go down (very productive) rabbit holes. 

And there is also a hope component involved.

If on the other hand you’re renting both the pad site AND the mobile home, you’ve got yourself a business; albeit a business with a real estate investment component.  

If you're short on one, you can look to partner with others for the other components.

They also stated the first unit needs some cosmetic work.The most recent comp on the street was $350K (2 mo ago).What’s the best way to respond to their message with the asking price, given this large gap?

Do the GAI is only a component and not the only source of truth.

With steel prices climbing, developers are facing significantly higher material costs, especially for multifamily and affordable housing projects that rely on steel for structural components.