The weather was pretty intense yesterday.

My company owns 4 parks and I feel its best to own all the mobile homes in the parks, It is very managment intensive but If you"re in this to make money it can be a goldmine and gives you complete control of everything.

What we do (which is more intense than most)Screening ApplicantsPoor 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.

Intense project.

Expensive, capital intensive, and bad cash flow.

Thanks, Jonny Jonny, IRS has briefly mentioned this issue in Revenue Ruling 73-410, 1973-2 C.B. 53, Private Letter Ruling (PLR) 7941002 (June 25, 1979), Chief Counsel Advice Memorandum 199921045 (April 1, 1999).All emphasize that the segregation of cost to determine the 1245 property  is factually intensive and must be supported by corroborating evidence.In addition, an underlying assumption is that the study is performed by “qualified individuals” and “professional firms” that are competent in design, construction, auditing, and estimating procedures relating to building construction.Having said that, that mostly applies to complex and larger properties ( hospitals or specialized warehouses). 

Wow, the market in Reno, NV for new builds sound intense and definitely frustrating!

I can't tell you which software is best for you any more than I could tell you which basketball shoes will work best.

I am open to homes that need a little lipstick, but nothing too intense as I am out of state.  

The next step is to tweak the financial model to find your personal sweet spot for cash flow, potential for appreciation, risk, turnover and management intensity, condition and capital requirements.