I like the space as this is pretty fragmented vs MH, so cap rates seems to trend higher. 

  ( i have owned 3 brokerages over the years and will stand behind those numbers).in the RE training space my thoughts are :5 to 10% of folks that pay for training do anything with it.

If you are making modifications to the heating and air conditioning space of the property it is usually wise to pull a permit.

I'd bet that this note is worth more to you than to most buyers until the note is much lower LTV, but I'm a novice in this space.

Specifically from the Caged AC Unit into the attic (concrete slab so no crawl space).I was thinking of just building a tall vertical box to place this into.  

I am looking to focus my investing on the commercial space specifically value add apartment complexes.

Two of the biggest players in this space just folded.

I imagine there’s a different dynamic with tenants sharing common spaces, so I’d love to get your insights on how to manage this aspect effectively.Thanks for sharing your experience, looking forward to learning more!

Your best bet is to ask for referrals from professionals in the space: realtors, other investors, this forum, FB groups, etc.

I manage MTRs in NC and SC - our SC properties still cover their costs and then some in the MTR space even after my management fees.