But it so helps if they are simply rarely there except to sleep. 

Thanks for sharing this perspective—it’s super helpful, and I totally agree that the “perfect BRRRR” is incredibly rare these days.

Feel free to drop a piece of advice or let me know if you'd be interested in connecting!

Is this expected since interest rates are high and listing prices are subsequently dropping? 

I know this industry may be hit or miss, but if anyone can drop any kind of advice that would be great!

@Kerry Hermann - the posts by @Michael Ewers and @Samuel Coronado were solid advice (I don't know Nita Cook whom Sam referenced, so that's the only part of his post I can not comment on).I second what Michael said about the market here - it was fantastic from 2017 (when I started) through 2022 - then it really started to crater in 2023 (although we still found some deals), and the bottom completely dropped out in 2024 (found one small commercial deal and one residential flip deal in 2024 - that's it). 

It turns out that we were never going to get paid out in the first place, and eventually found out some of my properties closed, but was still never paid out for them, but most of my properties simply just ended up dropping and i was never informed of it.

I had to drop a rental by about 10% and an apartment building I'm invested in that we were helping to lease up we had to drop 25%.

Ultimately it's less of a science than an art, but people rarely truly change so what they did is probably what they'll do.

Donald, MHP development is incredibly rare.