You'd be buying a higher valued property, and most likely increasing your cash flow at the same time...for a fraction of the cost.Let your tenant payoff the property...that's free money to you.

You mentions 999, from the numbers you are not even a fraction close to that number.

If you had inspected this two years ago and saw how they were living, your damages would probably be a fraction of what you're currently facing.

A person might own some sort of stake (a tiny fraction of the already marginal 20%) through one of those vehicles, but this does not give them a voice in the agenda or strategy of the company. 

While I have been investing in individual mobile homes for a couple decades, my experience purchasing parks is only a fraction of that time. 

The reason to have separate underwriting from your team is to see if your under writing projections are realistic and you are getting feedback from your team members.Lastly, I will be underwriting 2 deals everyday so that I know what I don't want and when the right deal comes I will be able to identify it and take action quickly.Those 3 points are just a small fraction of the things I learned from the real estate seminar.

Property price: $300000Total gross monthly rent: $3400Annual property tax: $800Home Insurance: $1200Vacancy: 5% Repairs: 5%CapEx: 5%Property Mgt: 10%Mortgage: $1514Down payment: 25%Concerns:- this property sold for a fraction of the current price 4 years ago, the jump in price is worrisome- the gross rent for the property almost hit the 3% rule 4 years ago, which might indicate a rough area- what are some tried and true methods to run comps for multi family units?

There was an article that only a small fraction of the billions of dollars set aside for rent relief was used.  

Now, with a sea of new vacancies, a standstill in new leases, and remaining businesses operating at a fraction of their previous revenues, restaurants are being forced to adapt to a new landscape, and landlords are facing a reckoning of their own.

I would recommend spending ample time in the neighborhood, walking the streets, talking to neighbors etc.Sometimes if something seems too good to be true... it actually is.Years ago when my wife's company got moved to UT we moved and tried to use it as an investment/advancement opportunity (because homes were selling at a fraction of what they were in Portland)...