The first home was actually purchased with the intent to rent it out and I currently have an infinite return on it. 

Also, the association controls finances, insurance and many other things, a friend of mine has a condo in a unit mainly controlled by Canadians that are seasonal, in their infinite wisdom they decided to not maintain flood insurance for the development (they are in a flood zone)  now the units are unfinanceable , so the values are lower because only cash buyers can buy in the building.

That said these projects are usually top shelf everything.

XXXX monthly cash flow on ZERO investment (no money left in the deal) = an amazing percentage of a return. some call it "infinite return" in terms of percentage.

What I'm talking about is infinite.

Otherwise it's just an overpriced item that may sit on the shelf for a long period of time.

It can be surprising how many people simply never consider any of that, as if the government was this Well of Infinite Money, and all you need to do is recite the correct incantations to the High Priest Politicians to gain access ("Here's a check for your next campaign" sometimes works)."

Not top of the line, but not Home Depot off the shelf stuff either.

generally speaking parks with park owned homes do not sell for as much as parks that have no park owned homes.keep in mind maintenance on MH is a tad tougher as the parts are not off the shelf at home depot.. etc etc.And lenders will not give you credit for the park homes in the valuation of the park.what some do and what I have done with the parks we owned. is we sold the park own homes as soon as possible.. on long term contracts.. and raised the space rent.. that's were the value is.or in some instance we just gave the unit away for free and raised the space rent way up..

The COCROI after refinancing should be infinite or extremely high.7.