I think it's high but in the same breath if you've got a group of talented deal finders and offering 1k per deal will motivate them to really hustle for you and it boost their production it might be a cost worth paying, I guess time will tell you if it's worth it!

Is it moral?

There is a "boots on the ground" advantage; between local networking and simply knowing the city better we can find deals that others might not be able to take advantage of.As a local, I think the additional investment in Memphis is a great boost to the city.  

We fix the systemic problems and boost the income through operational efficiencies.

The beautiful thing here is if you get a really good deal on land it really boosts the appraisal and can mean less out of pocket cash. 

I have good reason to believe this area will appreciate in the next couple years, in addition to earned appreciation I believe with about 20K in repairs i can boost the current market value to about $155-160K.  

Point being, increasing rents in order to boost ROI which most newly acquired MNPO's must do in order to realize a return, disincentives the resident/tenants from doing any upgrading let alone deferred maintenance or MH replacement because they are more concerned about how to pay their rent.If you own your own MH's its even worse in that you're less inclined to put good money after bad by trying to keep old heaps up and in a rentable condition.

(Read: Not responsible if you buy based on my numbers)I would look at doing a RUBS (if legal etc.) to help boost the bottom line a bit more...Good Luck!

@Kendell Nunez You can start reading the free resources, forums and the tons of podcasts here in BP to boost your knowledge about real estate investing.

Hey I am all cash close in 10 days... only to find out none of that is true.. now if you believe white lies and fibbing to sellers to feather your own nest is OK then that's your moral and ethical compass  ( not speaking of individually as I have no way to know) just talking about how wholesaling is taught and you see it with the post above recommending that they use weasel clauses..