This went for a while, my wife and the tenant were dressed for work, running late, so told the inspector the discussion would have to continue another day.

In my area we have a very high end modular company that, in addition to some pretty fancy homes, also builds multi-story hotel systems and commercial buildings - for a pretty penny.   

I have to admit I was a bit worried because I assumed they would just have @James Wise go to the court dressed like Atticus Finch and he would argue the case.

I see so many military buy a big fancy single-family, they PCS, and they can only rent it for less than their mortgage (or maybe break even).

Little squares, nothing fancy.  

There are good and bad but you'll mostly hear about the bad.The truth is, if you want good tenants you need to educate yourself on what makes a good tenant and then screen applications until you find one.If you want a good property manager, you need to educate yourself on what makes a good one and then screen them until you find one.Far too many Landlords hire the manager with the lowest fees or the nice office or the pretty face or the fancy car or the...you get the point.

And I have fancy degrees in finance and economics and a real estate investment certificate from Harvard if anyone cares lol.  

Frank Rolfe says: MHP value = Lot rent per month x # of units x 60 or 70Laura Cochran says:  MHP value = (Lot rent x 12 x # units)/19% or higherBasic real estate common sense says: MHP value = NOI x market multiple (or divided by market Cap Rate... pick your fancy)The problem with using the NOI is that you can never trust a seller's numbers. 

@Marc Faulkner, that does sound fancy! 

Terms are going to be better though with a regular Fannie Mae type mortgage.I didn't have business models, no fancy graphs, just sat down with a few bankers and asked questions, gave numbers and eventually made some deals.