I just acquired one from a PM where they were charging a tenant a resident benefit package and a building protection plan.  

We have another park with a free space rent manager and as we have raised the rents he continues to live there for free. 

Given the current NOI of $19,440 and a reasonable cap rate of 8-10% for a park with park-owned homes and septic systems, a fair price would range from $194,000 to $243,000.

If you are going to finance your rehab then use a LLC to purchase and a rehab lender for financing. 

-Depending on your gain above, you could get a partial 121 exclusion and a 1031 on the townhouse.

As both an investor and a mortgage broker who has personally used both options, I can say there are benefits to each.It ultimately comes down to comparing the two side by side based on your specific situation.

The site hasn't changed, literally not at all.The people, my friends here, people I know, help change the perspective by doing what they have done for years, just posting and responding with words of wisdom and a 20,000 foot view.

Of course they complained, and I said that I would replace with a gas hot water boiler and a seperate gas hot water heat, so they would stay. 

.: Hello; I currently own two rental units. a duplex and a SFH.

I reached out to the individual marketing the deal to schedule a property viewing, but they’re asking for proof of funds (which I expected) and a signed purchase agreement or LOI.Is this normal?