You have given no indication as to the size of the deal, your experience, or your own financial resources.

Hi @Mike Flora, I think your original post indicated that you would be selling your relinquished property for $100,000 and not $160,000. 

However, I'm seeing numbers that may indicate SFRs may work better in this market.

Then the expense ratio rule of thumb (since you indicated tenants pay their own water ) is 30% ( if the park paid it, would be 40% rule of thumb) .  

Seems like he either didn't go to jail or got out quickly, which indicates he isn't high risk.

If all four conditions are well met, e.g. its close to Center City with good transportation (public or otherwise), pricing is steady or rising, permits are constant/persistent (indicating still room to grow), and rents are solid, if improving, and the inventory moves quickly -- you have a good neighborhood with long term growth.Would love to hear other investors thoughts on this -- these are just my very inexperienced thoughts.

The Cole Memo from 2011 indicates that regardless of local laws, the Feds may enforce Federal law but the Cole Memo also outlines the Feds resources are limited and indicates they should be directed towards "illegal" activities that fund organized crime.

I believe that some overriding indicators for success is attention to detail, ability / willingness to learn and listening to the experience of others.

All utils are in tenants names, and rent rolls indicate they're decent, blue collar tenants.I offered $120K cash.

However putting a time pressure on a purchaser typically indicates they are not comfortable enough in the merits of their program that it can stand up to further scrutiny.