In addition to that, banks will only finance against the "lot rent" component of rented mobile homes on land.A $150,000 Park would need about 12 homes with a lot rent of $200 per month assuming a 50% expense ratio and 10% capitalization rate.If none of this makes sense to you I would highly recommend the Mobile Home University Due Diligence Manual.  

@Jay HinrichsYes it can be called a business with a real estate component.

Either you are a sucker for selling, or they are a sucker for buying ... if you want to do as you say, then you and your investors would both be better served by better aligning your incentives via JV, syndication, or what have you.

It all depends on the people you meet and how you can align what they want with what you want.

We have always carefully managed expenses to align with our enrollments,” according to the release.

It would have to be falling over significantly, mortar missing, flashing damaged, missing components, and some more just to say it needs a full replacement.I would love to get into the stories I've heard about deal killers lol but it wouldn't do me any favors.

But I do, as should all investors, recognize that there are interests involved that are not perfectly aligned with mine and so have to act / think accordingly.On the PM side of things, if you have not done so yet, should do a search of East vs.

Sure, you can classify yourself as a real estate professional or setup a property management component and pay yourself a salary that could convert that passive income to earned income, but it generally does not make sound financial sense to do so.The gig work could potentially support a Solo 401k.  

I'm a staunch environmentalist, and I so often find that environmentalism aligning perfectly with my staunch capitalism.

Start with your goals then use the strategy that aligns with getting you where you want to be.