In addition to that, banks will only finance against the "lot rent" component of rented mobile homes on land.A $150,000 Park would need about 12 homes with a lot rent of $200 per month assuming a 50% expense ratio and 10% capitalization rate.If none of this makes sense to you I would highly recommend the Mobile Home University Due Diligence Manual.  

I wouldn't use a number that low for a 3/2 house much less a 10 unit building.How about 3k-6k per door as an estimate then adjust from there after more due diligence.

Yes - if you make 401(k) contributions it will lower your Modified Adjusted Gross Income (MAGI) which is used to calculate the phaseout.2. 

Knowing that will tell you how to adjust your offer to compete better.

You can just dive deeper into the C-, D ,F properties until you reach that return, as the rents do not adjust down nearly as quickly as the property values fall in those areas. 

Those property's NOI would sell for the same cap rate and a cost to cure adjustment would be subtracted below the line.Finally CAP RATE IS OF ABSOLUTELY NO USE AT ALL FOR SFR'S AND SMALL MULTI'S! 

To have an offer accepted, one may need to adjust their Desired Profit; however, it should not be below $20,000, or what one feels is acceptable.

If you are noticing that many investors are buying much higher than what you get using the formula, you will have to adjust it. 

And make adjustments for unique features and amenities by adding and subtracting.

People that enjoy their jobs are about 1% of the population, the smart ones out of the other 99% understand it's real purpose.You need an attitude adjustment if you want to be wealthy.