His book “Invest in Debt” is still the best on the mechanics of discounted note investments.John Beck, unfortunately succumbed to temptation of “guruism” in his later years, hooked up with a real estate marketing company out of Las Vegas, and became front man for mentorship programs promising unsubstantiated returns.

Those are easy to finance, and the financing is solely based on the properties income using a DSCR ratio for qualification.I would look for a property like this one, https://www.zillow.com/homedetails/5810-21st-Ave-Kenosha-WI-...Lets say you could buy it for $100k, and its $50k in rehab, and ARV will be worth, $200k.When you do the rehab, make sure all the mechanical systems are brand new, then you will have relative few repairs for the next 3-5 years.I can get you a loan for $90k purchase, and $50k, rehab, once its finished you can refinance into a 30 year fixed rate loan between 6.5-6.8%, and cash flow. 

only buy a MHP in a city/county that will allow you to bring in new or used mobile homes to fill in vacant lots.

Do you have any thoughts on using land comps as a way to value purchase price of mobile homes vs other methods like direct cap etc?

Doors and windows are in and we are in rough mechanicals. 

How old are the main mechanical systems HVAC, Water heater, Boiler?

Hello Kaleb,Years ago, I went to a Mobile Home Park University seminar, and I remember a very similar question. 

I'm currently evaluating a potential mobile home park, while small (10 lots total) it does have a single family home on the same property.

I have not received the first quarter distribution on the ODC Fund 2 for mobile home parks. 

And guess what, you can over-pay using any purchase mechanism.