Strong rental markets with low vacancy rates are ideal for long-term holds, while areas with high ARV growth are great for flips.

Like @Pat Aboukhaled already mentioned, he’s extremely responsive and has excellent market knowledge.

The downside is you would inherit their very low basis.

So if you discount a small amount to get rolling, that is something that can work, but don't want to stay low for long.You will start to get the dregs staying at your place and they can do some real damage to the place.

@Jaycee Greene Yeah it is easy for one to get discouraged when buying this type of project but I must say they are decent when trying to start low and build capital, that way you dont have to deal with **** properties or mediocre neighborhoods again. 

@Bonnie Low  How does baselane handle credit card transactions?

Assuming a 40% expense ratio, the net operating income at the current income level would be around $19,440 annually and $28,800 after renovations.At a $360,000 asking price, the cap rate based on current NOI would be 5.4%, which is low for a park with park-owned homes and required renovations.

DSCR loans are not that low and regular hard money loans will be in the double digits.

I am based in Seattle, but is licensed in Tx.You can acquire your a primary residence from up to 1-4 units for as low as 5% with conventional or 3.5% with FHA with a few exceptions.

There are also several funds out there that provide high single digit yields that are low risk.