This house is an anomaly for the neighborhood; all the rest of the houses are either in good shape or really nice.

I imagine that's an anomaly and, as you mentioned earlier, success has more to do with motivation than attending expensive seminars.I'd be interested to know the percent of people who attend those boot camps and buy a MHP in the 24 months that follow.

This anomaly has had local industry experts speculating a drop in activity since July, but sure enough the number of total transactions done in September resembles the amount of activity that tool place in April 2019.

That might also explain the anomaly of such a low price.

Hey @Ariel Vincent The majority of properties are booked at listing price, for those anomalies which are not, we would consider this unusual behaviour and would not pick this price change up.

I know how to calculate it; the problem is that it seems like there is always a fly in the ointment that makes one property's cap rate an anomaly from the rest of the neighborhood that takes away from comparing apples to apples.For example, whether or not the landlord pays utilities can offset the cap rate.

If your property only has cash flow because of some historical anomaly, you are going to be in trouble at some point in time.

From our website:Poor screening often results in lost rents, legal & court costs and costly damages.Screening of applicants includes the following:Full credit/eviction/criminal checks are done, instead of score-driven reportsVerification of rental history includes validation of actual property owner to avoid fraudVerification of stability of income & employment via YTD paystubs & W-2(s) (analyzed to confirm not fakes)Income is calculated 3 ways to spot stability anomalies: pay period, YTD average and YTD + W-2 average.Debt-to-income analysis (more accurate than traditional 3x rent requirement)Bank statement to see if NSF issues, if deposits support income, prove MoveIn Funds, also analyzed for unusual transactions.Pet screeningHolding Fee required from approved applicants to make sure they are serious, before your property is marked pending.

The 2008-20010 crash was an extreme anomaly. 

These type of homes aren’t some strange anomaly .