You can extrapolate that out to carpet cleaning, paint patching, etc.  

While I'm dealing with a rough patch....

It needs some patching and painting. 

Paint does not work . think of a dam that leaks , patching it from the outside does nothing long term 

If the hook up already exist great, this number will get smaller, if not it could get A LOT larger, but for modeling purposes $7,750 per pad construction cost seems fair.Misc: $10,000 For tree trimming, road patches, new signs, website ect.Total: $267,000 With a NOI of $31, 680 that's a 11.8% CoCIf you can get seller financing with say 20% down on the park+homes and pay for the improvements yourself you'll need $133,000 in cash, but your CoC jumps to 23% If you need to bring a bank in keep in mind, they most likely won't lend on the mobile home and you'll have to come up with an extra $40k. 3.

Once I close at the end of April, I plan to get the windows updated, the plumbing fixed, and the deck patched so I can get a tenant in and start recovering expense costs.

Youtube is great but it doesn't train your muscles to cut in the trim or finish the drywall patch.

I have several clients who live there and they just all pitch in a patch the roads when needed.

From my personal experience a few years ago I found I had to insist that at least complete roof lines be replaced at not just "patched".

Once you properly pull the old window frame out, it gets pricey patching and re trimming the exterior.