Run an Opco/Propco model.If your business utilizes real estate as part of ongoing operations you can get all the tax benefits of active RE by having the building purchase and hold the RE.3.

Mike, My recommendation would be during due diligence for a potential purchase, ask for past 12 months of all utility bills, property taxes, and any other municipal requirements like rental permits, occupancy inspections etc. 

Unfortunately there's a lot of alarmist/scare tactics utilized to upsell these services that do nothing but generate revenues for those who are selling the service and often leave the clients with recurring expenditures i.e  annual maintenance costs.  

For example, in some cases even when the home is livable a seller might turn off utilities on a vacant house to save money.

That’s before factoring in utilities or each personal situation.

you will need to look at the APN of the property and line it up with what you actaully bought. as mentioned the tax assessed value is not an indicator of value. the land could be a utility easement, used for stormwater management etc.

If the city ever wants to add sidewalks or run utilities underground, those homeowners will be out of luck.PS: I have never seen a juridisction pay to remove items in an easement or compensated owners for performing work in an easement.

Look for properties with features like separate utilities and layouts that appeal to tenants.

The existing mobile also had utilities hooked up with a $17k impact fee credit that I didn't have to pay to the county.

My question is if we are marketing this as land, is more value added from the 2020 mobile home or the multiple utility hook ups?