One of the things to watch out with mobile home parks is the increase in lot rent.

Palm Coast, while not as flashy as Miami, is indeed growing rapidly, with increasing interest from higher-income professionals and retirees.

So if prop 33 passes it will be possible to cap rent increases from one tenant to the next.A recipe for blight.  

It's not that different from a normal rent increase.

I have referred a loan out of state based on NOI, cap rate at purchase, room for increase income and purchase price vs market value.Maybe I didn’t articulate the intent of the post as clearly as I hopedFor anyone who has bought multi family out of state, “what are gives you the warm and fuzzies about a deal”:Obviously not cap rate, but maybe vacancy rate,  Cash on Cash ,GRM, IRR, Unlevered free cash flow, Cities over 250k?

How do you see this coverage increasing as he scales?

In California, this transfer could also trigger property tax reassessment, increasing the tax bill.

You may get one more year from them with a $75 increase but that's about all.

Identify the need that you can deliver on.Grow: you, your income and opportunities will increase as you continue to do the above.Biggerpocket podcast is a good launch point.

The shorter the prepayment term has an impact on increasing the rate.4.