Not enough information to make a good evaluation of the estimate.

And, while I do self manage, I figure in 7-10% Property Management fees when I evaluate purchases. 

@Jason MaNot sure JasonI feel like you're going in the right direction to evaluate a market.... 

Are you familiar with hotel operations and how to evaluate financial performance? 

My dad died and I bout them from my siblings and step mother with no easement.

I'm currently evaluating two mobile home parks for purchase.

Here's just one of many, many blogs and threads written on this subject:Quickly Evaluate Multi-Family

@Katie HuynhOk I took at look at this...here is my 2 cents, and my evaluation (a little differently).Considering the area and going rents, a lesser decent rent at that property is about $1,800, minus (-) $272 per month for taxes, -$200 per month for minimum profit, - $83 per month for expected insurance = gives me a budget of $1,245 in loan + other costs to work with. 

@Ryan SmithHey Ryan good job evaluating, and I think you're on to something re: looking for that price to rent ratio. 

I recently started doing these evaluations for different banks & asset management companies.