Nowadays everyone has exited the arbitrage business model in my area simply because the supply vs demand is driving the revenue below profit benchmark for almost everyone.

Have you modeled out a vacancy period post sale-leaseback term?

I've been trying to find some folks that would be open to developing it into what amounts to a 0% down investment property financing model.

Collin, Amazing progress and you are an role model to everyone for grit and persistence. 

Technically, developers come up with a land value for what a builder may be able to pay for paper lots by using a proforma (financial model) to determine a residual value. 

We have had a couple evictions and I agree that the model is not the best for property owners.

Sorry not an expert in the padsplit model but did you analyze what it would bring in as a whole home rental? 

They both know we budget 90% occupancy, but our model is successful at 65% occupancy as far as no loss of capital.  

My model tenant (best tenant we ever had) will be moving Dec 1 so I'm looking at my options. 

I am a former travel nurse so I feel like I have always had a heart for the traveling healthcare professional since I was one :) The MTR model fit well with our goals and values and it's done so well for us.