We have been in business going on four years now, so we have a trail of tax returns to support our business's strength. 

At minimum you need the trailing 2-3 years of operating statements and a current rent roll to come up with an initial offering price.

The houses look a little old, maybe built in the 70s or 80s but I think it's a great area.There's a few nearby parks around them as well deep in the hills, even hiking trails.

It's a tough trail but everyone sacrifices some degree of family time to achieve their goals.

Currently with 2 properties under 1 LLC I have 5 of them and as I grow the number of LLCs there is a lot of paperwork trail required. eg : Annual registration, if you have a registered agent need to renew that.

These are at 2 different banks and my personal bank is still in the 20th century so I can't just transfer it to create a nice paper trail.  ...And just as an FYI, I do plan on seeing a CPA before Jan. 2017.

With no case law to rely on, I would not want to be the "trail balloon".

Sellers need to be aware maintenance costs, and realize that a MH park is not as simple as using the trailing 12 and NOI with a local CAP rate to get a sales price.

You can be on the trails in 15 minutes, 300 days of sunshine, low unemployment, a growing diversity of industry, burgeoning beer scene, I could go on.We currently own a SFH ourselves, a duplex with some partners in Colorado Springs, and we are under contract on another SFH.

Also remember; yes we have to underwrite to actual trailing/current performance (this helps set a minimum/downside return) however the majority of the return comes from the ability to add value.