I would think they would.I was just thinking after seeing someone one the news who had their life savings in Florida STR's.I think it is important to diversity and not have all income producing properties in one place especially when it is prone to a certain type of potential destructive weather. 

Our factory produces all HCD Certified units ranging from 275sqft up to 960sqft.

What we're struggling to understand is how to underwrite/estimate the paper losses that a MF would produce and IF this strategy is worth it from an income/tax savings perspective.

Just want to clarify how you got there, to get to $12K you divided 1.2M by 100 lots (of which 60 has homes on them and producing rent, 40 lots are vacant). 

The property is important to us, and the numbers mustshow the deal will produce a fair profit, but as direct lenders (i.e., we lend our own money) we always bet on the borrower first.

Sellers and agents often inflate prices based on potential income, but like you said, you want to base your investment on what's actually being produced right now.

A smooth sea never produced a skilled sailor (Franklin D.

And I want to rent out their home to produce cash flow with low interest rate, which they have. 

There is no way a PML will wait that long to get all their money back if your property on produced 250 a month.

A perfect example from my day today, lol, I showed two homes, 2-bed A-frames next to one another, one was producing 120k, the other under 70k (Both with views).