Even if you go to 55% expenses due to the utilities being included, NOI of 12,960.

I also utilized other free resources such as the local library, blogs, and free online classes.

The land of a vacant mobile home pad is worth $0.The 60x (off city utilities) and 70x (on city utilities) multipliers of monthly rent are correct.The correct way to value a MHP is the lot rent multiple, plus the FMV for the individual mobile homes (not a multiple of their rent). 1970s 'beater' MHs might be worth $1,000 - $2,000. 2000-and-newer MHs might be worth $20,000 - $25,000.

We just built a spec house on a lot that we bought for $175k (which included permits, utilities were at the property as there had been a home there that had burned down) We built a 2350 sq. ft. house and sold if for $675,000.

They get the keys but dont turn utilities to their name, Royalty dont need utilities, right?

Here in Texas renters typically pay for everything - all utilities- water, heat, hot water ect.

Page Huyette and everyone else,I highly recommend considering going a different route than the SDIRA and utilizing the Solo 401k's ability to invest into your own C-corporation.

Usually, the lots are split and that's the extent of it, the builder has to bring in utilities, put in curb/gutter/sidewalk, etc.

utilities split by 4" in winter time, when bills are high due to use of heater, it is true, but as soon as bills go down utilities become "fixed" all of a sudden for the amount you paid in winter time."

Utilize a RE agent if you must but make sure the tenant is compliant with YOUR screening criteria.