I have SFHs and a few small apartment complexes, but this would be a first for me.Quick run-down:45 lots, with no room to expand18 full - 15 POH and 3 paying just lot rentPublic Utilities, proper zoning, paved streetsSmall town, around 45 minutes from any sizable town; around ~2,500 residents that are mostly blue collar, lower incomeI believe lot rent should be around $250-300 per spot once full and stabilizedCurrent asking price is around $200k, with expenses running around 35-40% of gross incomeMy initial plan would be to give all POH to the current tenants if they agree to re-sign lot leases and update all utilities and other facilities as necessary in order be prepared for additional homes being moved in.  

It has a small house hooked up to utilities on it that would need to be demolished.

Best part of syndications is that you can still take advantage of the tax benefits as well so you're still utilizing the best parts of REI, but no fixing toilets. 

You will still take 100% of the depreciation deduction allowable on your rentals, but if that deduction causes you to have a passive loss, that loss will become suspended and not currently utilized due to your income level.

There is no HOA, and tenants pay utility bills and taxes are about $200/month.

If the house would ordinarily rent for $2,000 a month, that comes to $400 per room but you are probably including utilities, TV, internet, etc.

If not, which utility sells power in the area?

Thanks all, some of the posts above say 50 to 700 per DAY for some of these utilities-- I assume that's supposed to be per MONTH, right?

On one side is the account for rent and the other side I have all the utility/emergency contacts ect.

I am hoping to purchase this home but want to make sure I can utilize this addition before I do.