Buying better properties is probably a good strategy if you don’t have the grit to Power through bad tenants.

The other inspection required the electrical to be updated.  

For instance, have you accounted for maintenance, CapEx reserves, taxes, insurance, water, trash, electric, gas and landscaping?

They currently have 30 gallon low boy electric tank heaters located in the kitchen. 

Kids are unbelievably disorganized and trying to get them to do everything they need to do to have cable, water, electricity and pay YOU on time is asking a lot!

The follow criteria is what the park is consisted of:Rent control all age park with pool 33 space filled - rents range from $321-$7002 POH renting at $850, electricity sub metered 1 empty lot (might not be permitted for extra 3) On Septic (2x a year) and Well (370 ft deep send sample out once a yr) sitting on 4 acrescan only raise rents 2% every Dec20-21k gross per month/ 25% cost of utilities -- 900k left on noteNOI might roughly be around 170-180k

If you are able to run things more efficiently, if you have contacts for lower repair costs, if you're able to get a new electricity contract, then you can lower expenses all over the place.

Dan Powers - Real Estate Agent

gas, sewer, water, electric, garage?    

The last paragraph notwithstanding, does anybody have any rules of thumb for worst case numbers on foundation issues, mold, outdated plumbing, electrical, etc?