My experience is that they make up exorbitant fees to pad their profit.

Our own walls and parking pad.

HI all, Need advise on a mobile I am in contract to close in 45 days. sales price $375,000includes: 6 apartments, 5 out of the 6 apartments rented. fair condition.33 space lots which 14 are currently rented with tenant owned mobiles paying $285 a month16 empty space pads. 3 vacant mobiles available total income is currently at $4,700 a month.taxes $300 a monthinsurance $250 a monthmanagement: $300 a month3 available mobiles need work, total rehab would cost $5 to $6K each. can sell for $10K on payments of $200 a month. 1 apartment will rent for $500 a month after a $8K rehab.total income if these 3 mobiles and apartment rented would generate $6000 a monthall residents pay for city water, sewer, electric, gas, trash, and upkeep of their front area.can someone help with NOI and CAP rate. 

That quad I mentioned for example lost hardly any value last crash but definitely put the brakes on any appreciation for multiple years.

I'd write down on my pad what seemed to be their key points.

Currently  properties in these outskirt cities are increasing rents year after year if you go on hot-pads dot com and look for a 2 bedroom unit its going for 1300-1800 depending on location, size, parking and level of finishes.

@Matthew Charron SFR's are a great launching pad to get started as your exposure to tenant issues are restricted to one leaseholder.  

I used a memory foam pad with a water proof barrier so stains can not penetrate into the pad. 

The one exception to this, is if a competing building is near and holds rents flat, then it puts a brake on how much I will raise rents.   

Here are a few of the negative highlights: In the state of California it is braking the law for him to do any work for someone where the labor and materials is over $500.