Tread lightly there as NY/NYC is a market for seasoned investors so you need to be able to see some of the schemes the buyers (and agents) will try to pull on you early on (too many to list).

I’m not my first deal the inspector missed a huge problem with the electrical in the attic where we ended up having to move all the blown in insulation after closing and replace all the electrical to the lights in the whole house.

If you can see light, chances are that you will have to replace the seals.Some mobile homes tend to have only single-pane windows, so be sure that the functionality of the windows checks out and that everything can close and lock properly.Make sure the doors and windows close properly, too, during your mobile home inspection.

Make sure up date light outlets and switches as well as door hinges and handles.

I love the way this came back full circle after 4 years even though it wasn't you Matthew, Desiny is shining a new light on the possibility of doing things. 

After 3-5 years on average you have to expect a few things to do and we also take the opportunity to do some upgrades.The range is wide: we just had a tenant move out after 10 years and they left the home in great condition, but had to replace 2 vinyl windows that had broken thermo seals, replace the kitchen vinly floor with LVP and upgrade some of the light fixtures.

I have a tenant that wants to remove a light fixture and install a ceiling fan.we told them upon move out as long as everything would be the same as move in.So they remove the large light fixture and installed a ceiling fan.

Seller seems to think the vacant pads are worth very little, and of the 1.2M paid, most of that goes towards the income producing pads (with homes on them)...because the "CAP rate could not apply to vacant lots".Does anyone with appraisal experience can shed some light on this?

The market has softened as a result of higher prices and higher interest rates.Jobs in the zip code are mainly in the services sector, including retail, hotels, restaurants and entertainment and some light manufacturing.

From what I am observing it is seemingly reactionary to cover lower margins and out of necessity to make deals pencil.Meanwhile I am hearing this spun or disguised to help raise capital, negotiate better ownership splits or to merely keep the lights on.