If you do it right, you'll be recycling your seed money over and over, USING it to infinity.  

Next - at Container Places we start at 85% or better recycled materials and add from there, so a Much gentler footprint on the planet - important to LOTS of home buyers these days!

Milk that $100k market!

Forced appreciation allows you to recycle your capital to build wealth while growth gives you constant rent increase and equity increase.

RE cycles seem closer to 3/4 to 7/8 years.

@Matt Skog if this has 95 occupied pads and a lot rent of $475 per month then this park is worth closer to 2.75 or 3.0 Million on the surface or more as it sits.  95 Pads * 475 lot rent * 12 months * 0.6 (40% expense ratio) * 10 capitalization rate = ~ 3.25 MMIf you can pick it up for 1 Million then you why not just milk the thing as it sits for the perpetual income, why the redevelopment headache for a one time payoff?  

So, I guess is this also a way to recycle the home and yet save cost for both investors.

What do you do with the leads that you find useless?
Thanks

Go get a nice condo or apartment somewhere, instead of milking this for all it's worth ... which is apparently only $670,000.

He probably knew for some time that he was spiraling the drain, so was likely milking the cash flow while not paying the lender, not turning units as they became vacant, not servicing or replacing old mechanicals, etc., just as you suggested.