Currently we have titled our 16 properties in 4 LLCs and we have a 5th LLC where we manage our properties.

You look for comparable sales for other distressed properties that are similar and nearby and also counter that with finished version comps so you can see what your perceived spread could be.

I would reinvest in a another property and use a 1031 exchange to detour taxes.   

Should I consider: Purchasing rental properties?

Been with a handful of property managers during that time.

Over time, you may want to hire a property management company as tenants can be headaches at times. 

@Janine Sharma The decision to classify your onsite mobile home park property manager as a W-2 employee or a 1099 contractor depends on the degree of control you have over their work.

It's important to run your own comps and go out to the property with a contractor so that you can get an idea of true renovation costs. 

Yup, property condition, vintage, neighborhood, tenant base, property management are all very important considerations. 

Investment Info:

Single-family residence fix & flip investment in Success.

Purchase price: $55,000

Cash invested: $25,000

Sale price: $119,000

Bought at around $50k
Fixed up at around $20k
So...