don't forget about mowing, snow plow/salt, some turnover, taxes for your manager/workers comp, free lot rent, money for your management time, accounting software, LLC set up cost Your going to have more of a greeter in a park like this, which would be free lot rent only and maybe $5 a lot...smaller parks have really thin margins...if you have 2 tenants move out, die, leave town, get arrested, whatever, you then lose 14% of your tenant base and monthly income for the property, get to 5 tenants and your at 40% which could throw your loan into nonperforming very quickly unless your willing to come out of pocket on something like thisjust to show your top gross revenue will never equal 40,000(210*14*12=35,280)just do your diligence and i wouldn't pay more than 200k for something like this...and thats a stretch or if there willing to carry some of the papersomething this small, don't turnover to a property management company because they don't know what their doing normally with a park like this and their going to charge 10% of revenue probably.

I currently live in a townhouse with 3 bedrooms and 2.5 bathroom in Salt Lake.

Hey Andrew,I would recommend Salt Marsh Homes out of Hampstead. 

If you're worth your salt and can sell that, they'll send you plenty of business.That should be enough to keep you busy for a year or two.

Hey guys just a newbie here needing some advice.So I'm currently under contract for a small multi-family in Davis County, Utah which you Utah folks already know is about 30 minutes north of Salt Lake City.

SALT cap tax is going to whollop CA this April.

I I am looking a general contractor to remodel my basement adding a kitchen, washer and Dryer hook ups and add a walk out door so I can rent out my basement. Any recommendations would be great.

@Ho Eun Park  not sure why you are focused on state income tax when you live in CA... you pay tax in CA on all your income regardless of where it is.and in states with income tax. you get a credit on your CA tax if you pay state income tax in those states I think or maybe salt changed that.. not sure.. 

Take "Zestimates" with a grain of salt and have a quality broker give you a CMA.  

In my market (Salt Lake City) the price range for a decent Fourplex is 400-600k and rarely do any of the listings on the MLS even cover PITI with a 20% down payment.