However, after renovations, the numbers improve significantly, and the challenge lies in bridging the gap between current and future performance.Expenses typically run at a 30-50% expense ratio for mobile home parks, depending on management and infrastructure conditions.

Hopefully kept good records of improvements / anything to increase the basis2.

Has your property been improved by getting the WH?

.- Unrecaptured falls under section 1250 and is treated as ordinary gains and capped at 25%- My capital gain from appreciation and improvements under section 1231 was treated as a long term capital gain since I owned both assets over a year.Hope this helps.

Have you contacted the Zoning Department to review the survey and ask what your subdivide options are with the existing improvements?

What drew me to Detroit initially was the potential for strong cash flow, but I’ve also seen appreciation in several of my properties as the city continues to improve.

Improvements What was the outcome?

I would like if you ever need a licensed GC to do renovations/Tenant Improvement projects I have a group for that.  

I recommend researching the average appreciation over the past 10 years in your target area to get a clearer picture.As you know, in real estate, ROI comes from multiple sources: Home Appreciation:  Reno Appreciation: Value added through renovations or improvements (usually just in the first year).

But again, your profit after selling costs (and any capex improvements) would have to be in excess of $60ok to really make sense.