I provide "free" wireless for my tenants. this way my security system etc are all on the  wireless and my tenants can use it too and I can charge a bit more for rent. :)

I'm skeptical because of there up front consulting fee of 9.99% and the fact they charge monthly 2% of what you have borrowed instead of 2% divided by 12 to arrive at your monthly payment.

and led to substantial job loss, likely the number one cause of foreclosure.2) The tourism and convention business, a huge portion of New Orleans economy, effectively disappeared for a couple of years - again huge job losses.  

He's the kind of guy to go fix an issue himself and not charge anything.

Cheaper the better just make sure you charge the tenants when they are damaged.

I don't want to incur in unnecessary charges again, like what happened with the fridge that it was in fact working.

I increased my tenant's rent by 15% but then I charged water garbage for $100 flat monthly.

Here are the key data points:Park info  Located in Alabama61 lots25 owner occupied homes18 park owned homes (14 currently rented; 4 currently being repaired and should be rented soon)18 vacant lotsAvg lot rent - $160 (unknown what the market rate is but it doesn't sound like there has been a rent increase in at least a year, maybe more)Avg POH rent - $400Expense ratio - seller claims 26% but I'm estimating 35% for the lots and 50% for the POH'sCity water - individually meteredSeptic - good condition (allegedly); a couple were pumped last year, none this year (no lagoon thank heavens)Seller claims gross income $130k, expenses $30k, and NOI $100kI calculated gross income of ~$135k, expenses of $60k (55% on POH and 35% on lot rentals), and NOI of $75kOther infoMom & pop seller, but park is listed with a brokerPark has been on the market for > 3 years (recent price reduction)Greater metro area stats look goodPopulation = 115kMedian home price = $105kUnemployment < 8%Household income > $40kHousing vacancy ~ 15%Closest Walmart is 7 miles awayFreeway is 1.5 miles awayNumbersMy valuation is coming out about $80k-$100k under the seller's asking priceWith conventional financing I'd be hoping for a purchase price of $500k, $100k down @ 6% over 20 years (not sure if this is plausible or not)Assuming that financing, I'm expecting net cash flow of $40k (after debt service)Upside potential is in raising rent and filling the 18 vacant lotsFollowing the same assumptions above, raising rent $50 (if the market supports it) would change NOI to ~$90k and net cash flow of just over $50kFilling the vacant lots could potentially increase gross rent up to somewhere between $150k-$200k, depending on what the appropriate occupancy rate is for the areaWithout verifying any of the above information (haven't offered anything yet so there's a lot of DD left to do), the deal seems to make sense. 

This is because the properties are usually (but not always) distressed and require rehabbing before a conventional lender will touch it.  

I'm doing some work to the rental unit with the goal of charging close to/at market rate which is somewhat higher.