At some point I decided against that and that wherever I do a park I will make 100% sure to be on City water and sewer.I have a friend in the same area who has a 40 space RV Park, nothing fancy, gravel pads, but he's FULL of permanent renters and turning people away!

With fancy spreadsheets that make it all transparent that all the escrows add up to the agreed upon numbers. 

However, you can also accomplish a lot of the same things, though not efficiently, via entity formation for other business streams outside of RE.Scott - there's just no way to dress this pig up.

HOWEVER, as I'm sure you've read by now, there are plenty of charlatans out there just looking to sell you whatever dressed-up dumpster fire they happen to have on hand and then leave you holding the bag.

I felt rather fancy to ask that question I didn’t know the meaning of just a few months ago.When he said the loan is not assumable I then asked another PB smart question.

Nothing fancy carpet and Laminate flooring.

Also just run your business plan by the department or Real estate in your state and ask them they are the final authority no on on BP should be trusted with this type of advice.. me included LOL@Josh Williams  that's not correct at all.. if you buy and close on your deals and resell then yesbut is suspect most of the folks who fancy wholesaling are looking to get paid a referral fee on the hud or some other type of brokerage type payment and in many states this is simply not legal. you can in all states except WI buy and resell your own property with out a license. and WI has a threshold I believe of 5 a year..

It's about 10 years old, nothing fancy but most things are in good condition. 

Once change to the calculation of gain:Sales Price: $100kClosing Costs: $10kNet Sales Price: $90kBasis: $75k ($90k purchase + $10k improvements - $25k depreciation)Gain: $15kThe key here however is that since the total gain does not exceed the total depreciation taken, the gain is considered Unrecaptured Section 1250 Gain (instead of capital gain) which is fancy terminology for depreciation recapture.

The reason being is a little rehab goes long way as long as you don’t get too fancy.