From what I've gathered the properties will not begin to cash flow significantly better, you are in a market that cannot easily absorb unexpected capital expenditures (greater risk to you in the future) and the principal paydown is pretty meaningless for a while.

My initial criteria is to look for newer built houses to minimize maintenance and upfront cap expenditure on major items like HVAC, Roof, Foundation etc..

Where I live in Lake Tahoe, Nevada there are HOA associations have been poorly run, multiple insurance claims from snow damage, and as a result are increasing fees to cover the low fees of the past and capital expenditures that have been put off for years. 

Appraisals for storage facilities are not always common in smaller markets5.Develop a detailed business plan, including a marketing strategy, capital expenditure budget, and growth projections.

Set this up by doing the math and getting the right loan so that your place nearly breaks even after a capital expenditure account is paid (for those big ticket items). 

It's important to maintain reserves to handle potential market downturns or for capital expenditures that may arise in the future.I have pursued a diversified portfolio of real estate properties and stock index funds.

For example, any expenditures on carpeting will go into a different depreciation bucket than concrete sidewalks.The harder part is the cost segregation of the original structure and you can follow one of the half-dozen ways the IRS allows you to do cost segregation.

As a property investor or manager, it's crucial to grasp the concept of capital expenditures (CapEx) in multi-family properties.

Here are the #s:Asking $129,0002 bed 1 bath 718sqftEverything has been updated15% Down - 9.5% Interest rate - 30 yrs amortization, no ballon Rents around $1000 - 5% Vacancy - $700 Taxes yr - $741 Insurance yr - 10% Property Management - 1.5% of rent for Maintenance and 5% of rent for capital expenditures. 

He is willing to do a 25 year seller finance on this deal after accounting for vacancies, maintenance, capital expenditures I should be looking at around an 18% cash on cash return ROI is that a good cash on cash return for a mobile home or should that be higher?