Here are the key data points:Park info  Located in Alabama61 lots25 owner occupied homes18 park owned homes (14 currently rented; 4 currently being repaired and should be rented soon)18 vacant lotsAvg lot rent - $160 (unknown what the market rate is but it doesn't sound like there has been a rent increase in at least a year, maybe more)Avg POH rent - $400Expense ratio - seller claims 26% but I'm estimating 35% for the lots and 50% for the POH'sCity water - individually meteredSeptic - good condition (allegedly); a couple were pumped last year, none this year (no lagoon thank heavens)Seller claims gross income $130k, expenses $30k, and NOI $100kI calculated gross income of ~$135k, expenses of $60k (55% on POH and 35% on lot rentals), and NOI of $75kOther infoMom & pop seller, but park is listed with a brokerPark has been on the market for > 3 years (recent price reduction)Greater metro area stats look goodPopulation = 115kMedian home price = $105kUnemployment < 8%Household income > $40kHousing vacancy ~ 15%Closest Walmart is 7 miles awayFreeway is 1.5 miles awayNumbersMy valuation is coming out about $80k-$100k under the seller's asking priceWith conventional financing I'd be hoping for a purchase price of $500k, $100k down @ 6% over 20 years (not sure if this is plausible or not)Assuming that financing, I'm expecting net cash flow of $40k (after debt service)Upside potential is in raising rent and filling the 18 vacant lotsFollowing the same assumptions above, raising rent $50 (if the market supports it) would change NOI to ~$90k and net cash flow of just over $50kFilling the vacant lots could potentially increase gross rent up to somewhere between $150k-$200k, depending on what the appropriate occupancy rate is for the areaWithout verifying any of the above information (haven't offered anything yet so there's a lot of DD left to do), the deal seems to make sense. 

Within minutes I had two texts alleged agents and an email. 

@Cameron Strong Do you have a contractor's estimate on the cosmetic repairs? 

For example let's say that your tenant sued you for unlawful eviction alleging that you violated some obscure provision of the law and you didn't even know about that obscure provision so you probably did violate it.

https://www.wsj.com/articles/ftc-alleges-100-milli...I think this happens not just internationally but in the US too. 

See: (https://www.wsj.com/articles/ftc-alleges-100-milli...)Australia--- Foreigners can buy, but have a 8% stamp duty, plus there can be annual taxes and vacancy taxes. 

They allege due to her car size (my was pretty much as big as hers).

Hello folksI have a question about a payment claim I received through a law firm representing Hoa, Orlando, Florida , villa's costa del sol A payment that was allegedly not paid in time (actually paid to the management company that collects the funds for the hoa)At the same time, the hoa company was not updated that the payment was made and transferred a demand for collection by a law firm.

The mix is important to me because allegedly VRBO guests are more into planning ahead and ABB guests are more into spontaneous trips, as reflected in the fact that VRBO dominates my bookings in the summer, but ABB does the rest of the year.

Fayetteville ( Reilly Rd), then over towards the Cape Fear River, Cameron ( before the road construction) and Southern Pines since 2014.