Syndication is definitely advanced and almost a pipe dream at an early age.

Way to go getting started at such a young age! 

Some of those variables are the size of the park, number of vacant spaces, the number and type of park amenities, the age of the park, underground infrastructure age and condition, park location, size of the market, city water or well, city sewer or septic, other utility sources and whether or not they are direct billed, deferred maintenance, cost of management, and more.

Plus age-old notions of fairness.If that missing person does not know about the tax lien foreclosure, they cannot appear and demand an auction. 

However, in my market, realtors often ask for an offer before providing basic information like the age of the CAPEX items, including the roof. 

None of this is useful without knowing the age/quality and ease of replacement tenant if it goes dark.

Someone recently made a wonderful post about Medicare Premiums and how they can change if you invest in real estate at an older age.

Second, the brokers who perform these are often brokers with a lot of time on their hands, so the pool of brokers are the LEAST successful and newest brokersThird, the brokers are not educated in the proper METHODOLOGY to perform a valuation.Look, if you as a broker run some comps where the subject property is a SFR in a “cookie cutter” subdivision and the subjects age, style, amenities, condition, are similar to the comps being used, you’ve got a fair shot at a pretty accurate valuation.  

No sub 2, no big leveraging, no “participations”  — if your aged grandmother doesn’t like it, or understand it, don’t do it.Mentors and gurus are not worth the money.

For this to be possible at your age, you are able to have a parent co-sign and use their credit, income statements, etc.