The tide is definitely rising in New Brunswick (That's a pun directed at the Bay of Fundy) but it is still possible to find good deals.

Good luck on that one.like I said Texas is fine for locals that know the ins and outs.. its highly risky for out of state investors who have zero knowledge of these underlying issues ( no pun intended) and end up learning the hard wayI have funded millions upon millions of dollars of rehab money that went to fixing foudnations in the Deep south not only Texas but other states.. its just reality.. but never talked about .. look up any thread on Bp about Texas foundations I bet there are none.

This "cottage Industry" (pun intended) is unfolding big time right before our very eyes.

While you can usually buy them on the cheap that's not to say that you'll ever get your money back and you're on the hook for the rent, utilities, etc. while you're trying to sell it.Look for MHC's that are gentrifying and in an upwardly mobile (pun intended) geographic and socio economic locations.

While the property still performs well enough without a RUBS, the cost of water never seems to go down so that has me concerned I've missed the boat (no pun intended) and will always be playing catch up.

I can believe that...because I know BiggerPockets will be one of my greatest assets [no pun intended or maybe it was].

All replies appreciated, with bonus points for really good puns. :-)

If the MHC is in an upwardly mobile (pun intended) sphere of influence they will invest in their homes by remodeling and upgrading or removing and replacing.

However, if that area is being passed over for other more progressive and upwardly mobile (pun intended) areas I'd proceed with extreme caution unless you want to end up being a slum lord.There's an age old adage in this industry, "The higher the rent the lower the value of the home goes".

For those wondering how I came up with estimations, I started with the 70% rule to quickly rule out (no pun intended) bad investments, but I quickly learned that I had to adjust that number closer to 64% because of the additional closing costs that you have to pay for the seller (normal around here) as well as loan fees and other misc expenses.