@Mike G....if you went to the bootcamp and you follow that model...you know this is a bad buy.....unless this is in california or somewhere where the land is easily worth more than what your paying...but im not a speculator or in the raw land business....so my advice is very limited.Advice....i would throw this deal in the trash and keep looking for other parks....keep them in your Rolodex of follows up's...but follow up in like 6 months and if they still haven't sold it to someone and haven't come down to real world prices..then just call them back in another 6 months.  

Having PM and Electricity at more than 100% of income is throwing your numbers off.

Zillow has the muscle to throw some big punches, should they choose to.

It seems like you understand property enough to keep building a solid portfolio without having to throw 1.5 mil of debt on Black .

Hey guys so I have stumbled on this whole selling website know as Myhousedeals.com.I just wanted to throw a line out there and see if anyone has successfully done deals with this company.Of course you should always run your own numbers, but how reliable and easy to work with are they?

Question is: How could I market this to out of area without just throwing it on MLS and hoping someone stumbles upon it?

A building inspector will throw big red flags to a potential buyer about plumbing and electrical are you might end up doing a lot more than the cosmetic changes you'e talking about.  

Similarly I see some CRE lenders throwing money around again topped by dried up inventory and too many new, overpriced A-class developments going up just to create the perfect storm all over again - this time in the CRE space.

I'm open to setting an exit plan at ~10 years instead of 15-20(buy the investor out, sell or convert to condos & sell), but anything less is throwing away a lot of excellent cash flow from my POV.Any suggestions would be appreciated. 

That's quite a while to have money tied up, at least for myself as I don't have half a million $ or more to throw around.