Hi @Zhong Zhang I have used vacancy hacks over the years to get personal properties under 1% when turning tenants over. 3% increase depends on renewing or getting new tenants, when renewing tenants that's  a safe amount. 

I've got signed deal with Seller for $250,000, which includes the 3 franchises AND the real estate for 1 of the units.

Quality and upkeep of the cars in the neighborhood, I though might be a good sign.

I definitely wouldn't sign a purchase agreement before seeing the property.

You also want every adult to be named on the lease and sign it.

Any ideas on what I could turn it into to help generate some extra profit?

However, I’m new to navigating such a situation, and I’m looking for guidance on:Collaborating with neighboring property owners to reduce costs and share resources.Structuring deals involving land contributions and joint development efforts.Attracting capital partners for projects like this.I think this could turn into a win-win for everyone involved, but I want to ensure it’s planned and structured correctly.

And what is your price point and are you looking for turn-key properties or something along the lines of a "fixer upper"?

Sometimes the trailers I buy do still have titles on them, in which case we either have the seller cancel the title with the DMV before we close, or we have them sign the title into our name, and then we cancel the title ourselves.

@Blaise Bevilacqua - I agree with the added expense items that others have called out including vacancy, repairs/maintenance, capex, unit turns, and low insurance.