When they become insolvent the market crashed in the late 80s.Cap rates are driven by investor demand and risk appetite.

Broadly for me/us I'd just say that our perception of where the market/economy is headed just informs more of a general intuitive appetite for using leverage.My view is that uncertainty in future market outlook (perhaps forecasted by leading indicators) mainly drives price volatility, and perhaps increases risk of lenders 'calling' revolving credit lines to meet their own liquidity needs.The more 'bad' the indicators are, the more chance that we perceive our lenders possibly wanting to 'call' revolving lines of credit, is the way I think about it.  

@Lee Ripma @Robert NelsonI have no interest in selling LLC’s as I’m not an attorney, and I would suggest talking to attorney - but here are my thoughts: We talk about “risk appetite” on BP, personally I have zero appetite for risk when it comes to my personal assets.

I default to long term in most cases but that doesn’t always fit everyone’s appetite.  

I guess it depends on your appetite for risk.

Generally, the common types of debt available for MHPs are:Local & Regional Banks - You can find out which banks have an appetite for mobile home parks by asking the MH/RV brokers in your area, networking through other owners of parks in your area, or simply obtain list of the smaller banks in your area/region and call them to see if they have lent on parks in the past.

The deal was quite profitable and left me with an appetite to do more projects.

Due to it being over 4-units I had to get a full set of MEP Plans including a 13r fire suppression system.

Here's a link to their information page:http://www.dmaconsumers.org/offmailinglist.html -   Or you can suggest that they google "DMA mail preference"Reputable list compilers run their databases against the suppression list with every update.

We clearly indicate in our lease that disabling or tampering with fire/smoke/CO/, etc detectors, alarm or fire suppression system is cause for termination of the lease and eviction.