After discussing with the appraiser, their perspective is that the main argument I can make is by providing sales comps which demonstrate their value is out of line with the market.

Our property management company manages over 500 units all around Jacksonville with a good portion in the Southside area.

This thinking contributed greatly to the market crashing back then and no lender in their right mind would evaluate a deal in this fashion.Lenders will always base value on the lower of the appraised value or the sales price.  

Purchase price: $1,250,000 Cash invested: $260,000 Sale price: $1,875,000 Discover your 2,350 sq. ft. coastal oasis on a spacious 17,000 sq. ft. lot.

For quick sale we are prepared to sell at the 1% rule of current rents and will consider owner financing with 20% down (30 year @ 7% w/ a balloon between 3-7 yrs). 

Quote from @Jonathan Greene: All of your posts are sales techniques to drive business to you and you dial it back by making it like I was being mean to you.

I became aware of a mobile home park that was for sale by owner.

The reason is that there is not a huge recoup on the backend from the sale, sometimes you have to pay it off to actually get your price.

This was done to protect senior citizens on fixed incomes from being forced to sell their homes due to unaffordable property tax increases.Since the passing of this amendment, all properties in Michigan have two property tax values associated with them:State Equalized Value (SEV): supposedly equal to 50% of the market value of a property, not based on recent sales price.Taxable Value: the SEV annually capped as long as there is not a transfer of ownership.City Assessors are charged with determining how much property values have changed each year.

We write up a deed and execute the sale.