My suggestions:* Requiring code compliance and safety equipment is absolutely valid and should be part of the regulations* Requiring owners live within 15 miles is not necessary since poor hosts whether they're local or distant will violate the 3-5 warning system and earn a suspension.

Given the current NOI of $19,440 and a reasonable cap rate of 8-10% for a park with park-owned homes and septic systems, a fair price would range from $194,000 to $243,000.

Been doing my homework and looking around to team up with some excellent individuals and create a working system.  

Older homes will typically have systems that are out of date - even if only partially. 

It’s as if pointing out any negatives about the guru, or his system, is a personal attack on themselves.  

So seems to me pretty cheap way to get to meet people that are doing the deals and learn at the same time.Bp is nice and fine.. but its just the internet.. you can only learn so much here. at the end of the day real estate is belly to belly you got to go work and meet with who your going to entrust your investment funds with.. or if your going to try a new line of work..

For many, their downfall (and really what makes it so easy) is that it is a single-entry system. 

. - Your portfolio will suffer:(You want a PMC that has great systems in place, including a great portal where you can keep tabs on eveything.You will also need to manage your PMC on a regular basis.

There are a lot of rough areas here that look good on the internet but the reality on the ground is much different. 

However if you have enough reserves, 6mo or greater then I'd say chance it but a couple of missed payments from the tenants and you have to foot the payments out of your own pocket.I'm all for taking risks but I think you really need to evaluate the age of the major systems so you don't get hit with a bunch of cap ex all at once as well as your reserves.