If the other park has a pool, or paved roads etc that you do not, you need to account for that.Be sure your figuring in bad debt of around 7% to your pro forma numbers or you are giving away income you are not getting...

There other properties on the street valued at 70-90K.Rent comps for this 3/1 show a median price of $875 on Zillow.Taxes are around $500 for the year, and insurance is around $450 for the year.The property is currently vacant.The neighborhood is Historic West End, and it is not far from the Beltline (paved trail / transit / redevelopment project in progress encircling downtown ATL).

@PavelIs there anyway you can increase the income and bring down the expenses?

The size is 24 by 60 3bed-2ba, the size of the park is 300+ mobile homes, double-wide, amenities are pool, Jacuzzi, club house, basketball court, tennis court, putting course, gym, street is paved, pets are allowed, security 24 hours.

Paved roads is also a good feature.Follow this link to a MH boardhttp://www.creonline.com/mobile-homes-forum.htmlGood luckPaul

But once you get into grading out a property to build a facility (I've done two 6 acre parcels now and it's cost me over $200k each just for dirt work and another $250K for paving) the up front pricing can get a little wild. 

The lien is technically no longer a City of Houston Lien, it was levied and sold by the city for paving of several streets, one of which is the property in question.

My real estate investing WILL pave my way to and early retirement from my current job.

True diversification is certainly not the direct path to wealth but it certainly paves the way for a smoother ride and in turn helps you reach your financial goals faster and with much less sleepless nights.

Is the road paved or dirt?