If you are "cutting corners" to get a deal done, and it works in your favor, you will perpetually cut corners going forward. 

@Chris Weiler - is your guy going to do annual/recurring work for free into perpetuity?

Also, you mention in the post above that Clear Channel has a perpetual easement for a board on land you own.

I wonder if there's any movement on changing that law.If you're serious about investment, the premium rentals in the Sacramento area are not really rental grade.

The property must work as a MHP from day one, with the intent to continue operating the parcel as a MHP in perpetuity.

NACHA is the organization that manages the development, administration, and governance of the ACH Network, the backbone for the electronic movement of money and data in the United States and is funded by the financial institutions it governs.

Semi-annual inspections are perpetually delayed, I rarely receive thorough move-out inspection photos and summaries (I do not live in the area, and these inspections are the only means by which I get visuals on the property).

@Matt Skog if this has 95 occupied pads and a lot rent of $475 per month then this park is worth closer to 2.75 or 3.0 Million on the surface or more as it sits.  95 Pads * 475 lot rent * 12 months * 0.6 (40% expense ratio) * 10 capitalization rate = ~ 3.25 MMIf you can pick it up for 1 Million then you why not just milk the thing as it sits for the perpetual income, why the redevelopment headache for a one time payoff?  

Now the excess inventory must be swalloed up before we begin to see major upward movement again.

I wonder what movement, if any, will take place when the younger, hipster midtown crowd gets married and has kids in 5-10 years.