also Iron Bridge in Portland is competitive. 

Yes, CAP rate is often used to value a mobile home park, BUT after talking with a lot of the individual mobile home park owners they pay less attention to that than they do the GRM, Gross Rent Multiplier.I keep a lot of irons in the fire and it helps me stay on top of things. 

As for the renovation, we added a new ramada/bbq area, added a dogpark, the playground is going in now, they just finished painting the property last week, and plans for the new office/gym have been submitted to the city and we expect to start that project the first week of March. 

Plumbing - for example, if the pipes are old iron pipes and they're rusting through, or if the sewer line to the street needs to be replaced because it's old or tree roots grew through it.

@Jonathan David As you described it is getting scary, I am noticing the same trend.I go to bbq's every weekend and there is always somebody that knows about biggerpockets and they are buying.  

HPU is surrounded by a 6-foot (or taller) iron fence and the only entrance is constantly manned by one or two guards in a guard booth. 

That’s why I had all of the remaining tenants sign an iron-clad rental agreement, like I have on my other houses. 

It is an iron on strip and you just use a regular clothes iron to put it on and then clean up the edge with a metal file. 

On that project I actually did have to replace part of the sewer too, the old iron pipes had disintegrated but that was the only exception to my staying out of the sewer rule.I've never heard of two inline water heaters but I don't see any reason why it wouldn't work if you have a spare one to use. 

He's drinking beer before seeing Iron Maiden at Bridgestone Arena.