I think lots of the issues with the MHP investing is the slumlords spend many years milking these communities then when they finally sell they are in such bad condition the new owners have to raise the rent immediately and save money for a time period to make much needed repairs, lots of current park owners in my area hv ran their parks in the ground and they let anyone in them that can fog a mirror, once they finally do sell it’s a good idea to get rid of some of the bad tenants, lots of times it has nothing to do with how much money the tenants make or don’t make, lots of parks in my area hv tenants that can most definitely afford to pay the increases in lot rent, but they trash their homes, and their lots they sit on.Nobody wants to live in a trashed park ever, it has nothing to do with their incomeAs far as the video from a comedian talking about any investor in any niche, slumlords are horrible for any type of investing in real estateI would reserve judgement about Frank and his communities until you go talk to the residents in his parks and see how they feel 

Locally, I add value because it's hard even finding a 1%+ rule cash flow property in the Greater Seattle area, we use our construction company for the rehab, we recycle trim, doors, appliances from our higher price rehabs as materials for our lower price point rentals, we have solid long-term relationships with our hard money lenders, and we have our own real estate team to manage those parts.

Recycle?  

You can provide your own comps, leave cookies and milk, and do everything you can to try to sway the appraiser.

(how many menials (or X-er's) would love to be almond farmers--this could give someone a good life and provide steady income to the original owners over time).Does it come with any special Almond Cows that give Almond Milk (LoL)?

Details below but let me know if you would like any other information.Purchase Price: $60,0002 Family, each unit 3/1 , 2024 sq ft.Current Rents: $775 and $725 - both units occupied with one year leasesLocation South Central Troy, NYTaxes: $4,687  (sadly this is not a typo - property is assessed at $103,000 which i will contest, hopefully bringing this down)Insurance: $800Water/Sewer $918Garbage/Recycling: $232Other utilities are paid by tenantsI have no actuals for maintenance/repairs etc but the roof is old and will need to be replaced in the next 5 years.  

.$100K house bought for $5K$270K House, bought for $11K$280K House, bought for $40K$280K house, bought for.. 2 gallons of milk!

One thing that did happen a few months ago, we had some windy weather, I put the recycle bins out the night before and the next day she came back home an said that there were scratches on her car.

@Ben Leybovich  I came close to building one in Napa CA... but it was a hybrid  in Oregon the company is Kaady care wash.. its drive through but does a great job.. and it takes about 3 to 4 attendants to run it.. you don't dry... you just take money and run them through its a million or more for the equipment plus the land lease... is pretty much self contained and recycled these days.the little coin op ones I think like others have noted are mom and pop deals were you have constant calls ...

UTILITY TRANSFER AGREEMENTI/We agree to establish service in my/our name for the following utilities, effective on the date tenancy begins, for the premises at:_________I/We understand that we are responsible for the following utilities:_____ Electric: Clark Public Utilities 360-xxx-xxxx (open 24 hours per day, 7 days per week)_____ Water/Sewer: City of Vancouver 360-xxx-xxxx (open 8am-5pm Monday through Friday)_____ Garbage/Recycle...._____ Yard Debris....._____ Natural Gas...._____ Heating Oil...._____ Telephone/Television/Internet: (provider is choice of tenant, written permission must be obtained from landlord prior to installation of cable or satellite dish equipment.)Landlord Signature and dateTenant Signature and date