I improved the management of the Subway which generated more cash flow and did minor improvement to the property (asphalt refinished, painting the exterior of the building, new lighting).

@Mark BergeThey are usually pieces of the road/asphalt.

I've sent mailers, made calls and even hit the pavement with little success.

The additional costs not factored include: adding electricity to the additional 5 units, paving the driveways (would use either limestone or asphalt), and then the biggest expense and unknown would be bringing in the additional mobile homes.

Either or works Well just use this as a simple example 24 Unit apartment Complex ( B-  or C +  type  property Purchase Price - 1,920,000 ( $80k Per Unit ) may be low in this market Down payment - 25% = $480,000 Rehab - $ 6,500 per Unit ( some units  more than others ) = $ 156,000Common Rehab - Water Heater , laundry room if it has one , Paint of building , landscaping , windows , parking lot  , roof ( 10k - 70k ) This ranges a lot depending on the property Closing cost - 20-30k tax - 7,000 / year insurance - 12,000 ( wind n hail , general , fire  ) / per year Property Management ( 10 % ) = 2,160 / per month vacancy - 10 % = $ 2,160 per month Cap X ( fridge , window , curtains , doors , paint , roof , pavement ) - 1,080 / per month Landscaping - $ 800 per month simple repairs - $ 500 -900 per month common area electric - $ 300 per month Mortgage $ 7,500 ( 30 year amortization  , 4.75 % rate  ) Income - $900 per unit = $21,600 , this varies based on area . 

Most of the park is asphalt driveways.

Nothing like hitting the pavement.

When removing and replacing asphalt in a driveway there should be a cost per sq ft for removal and a cost per sq ft for installation.

Especially for simply spraying something on.Is that “spray on” product going to replace all the worn away asphalt granules that help with waterproofing?

If you are trying to buy your own deals, it is pounding the pavement with brokers and owners.