Assuming a 40% expense ratio, the net operating income at the current income level would be around $19,440 annually and $28,800 after renovations.At a $360,000 asking price, the cap rate based on current NOI would be 5.4%, which is low for a park with park-owned homes and required renovations.

Do you have a 501c3 that you operate under (and rent the house from yourself), or do you purchase homes with an LLC or personal name, and run as a regular business? 

While they don't offer tenant screening within the platform just yet, they integrate seamlessly with Apartments.com (which you already use!)

As for one of my other operators, I am invested into REM in 3 different deals.

It is clear from the interview that their main skill set is raising money and they partner with other "Co-GPs" who focus on the operations. 

It may surprise you, but we have always operated under the premise that renewals make us more money than new leases.

Do you have a track record of purchasing and operating real estate on your own?

I suspect that weeds out a lot, but beyond that, I don't screen my Airbnb guests.I've haven't had to take advantage of AirCover yet in six months of operating an Airbnb, so I'm honestly curious how this works.

Park Hill Golf Course was owned by a trust, in the wayyy distant past it was previously a dairy farm, but it has been operated as a golf course since the 1930's!

Hi BiggerPockets community,I’m new to real estate investing and currently running a remote operation to help connect investors with distressed homeowners and foreclosed properties across various markets.