@Curt Smith and @John Arendsen I agree with both of you that some of the education related to mobile home and park investing can be overly optimistic, out dated and potentially risky for a new investor.I have several parks and have been very fortunate that all of them have done very well. 

Hey Nabeel,I started out looking at turnkey providers in Indy as well but, I soon discovered that there's not much meat left on the bone when you buy certain turnkey properties in terms of equity gained either from finding a good deal or forced appreciation along with overly optimistic pro formas and lack of communication with the few that I contacted (not true about all TK providers, only the ones that I've dealt with).

I'm not optimistic on finance, but I'm also not giving up as I've ploughed a lot of time and a bit of money into this, and it's a deal I really want to do, and a property that I feel confident that I can turn around.

There is every reason to be optimistic IF YOU KNOW WHAT YOU ARE DOING!

Maintenance and repairs will be more like %10 of gross rents in the long run, and you forgot to include property management, which is generally 10-15% of gross rents. 4% vacancy is rather optimistic as well, I would factor in at least 8%.

I understand that I am taking a risk by having a 40K investment in one of these homes after rehab, but with a desired sales price of say 60K am I really being that optimistic.

Hello all - my name is Kevin McNally and as you may have inferred from the subject title, I'm said "optimistic young investor!"

., there are other people on here who will know more than I do, but from generally paying attention to conversations about the raleigh/durham area on here and analyzing some investment opportunities myself, I can say that you'd be hard pressed to find anyone who's not very optimistic about growth in the area for the foreseeable future.  

@Harold J Degruy Very optimistic numbers.

Of course, I am open to seeing it from a more experienced investors point of view and not just my optimistic side.