So there are some quick ways I figure out a ballpark value for a MHP.First- I have some constants- expensesIf the park owner pays W/S/T I use 45%If the tenants pay W/S/T I use 35%next is rental homes- I ONLY use the space rent to determine CAP value.

It seems lately from your posts that you have looked at real estate properties to own,note buying,and now restaurants.I am trying to determine if you are placing money in multiple streams or trying to place money into one type of investment and seeing what fits looking at multiple things.There is a difference between taking say 30,000 of cash and putting all that cash into a restaurant and having 200,000 and putting into multiple things.If the restaurant doesn't work out if it's just a small part of your overall portfolio it is okay.If it is a majority of your cash into that one thing it can be a bad investment if you do not know how to analyze properly.You might want to look at business brokerage.This is where I help people analyze buying the assets of a business.Since you will not want to run it day to day you will be what is called an "absentee owner".Businesses can give a great return when purchased properlyAny specific questions just ask.

Can anyone tell me the best ways to determine other areas to invest in and what types of criteria I should look for?

And if you ask about materials, you probably could have determined that it was less than $100 in materials.

It is necessary to determine if the individual is operating a business or is acting more as an investor.

This property sounds like the "2% rule" can be applied to determine whether to consider this further.

Cross check sold listings with public records to determine who the buyer was.

Just be determined and committed... and you'll be successful... in anything you do.

I found this thread out there a little.I don't see people making more money in less time lazy through systems and processes.While those processes shouldn't define a person they are important to have in place and constantly be refining.Re-inventing the wheel every time is asking for lost time and additional work that is not needed.To the original poster it is YOUR MONEY.Take what everyone says with a grain of salt.Then determine what you would feel comfortable doing because if it goes South you wouldn't be losing their money.I look at this the same way conducting business as a commercial broker.If someone calls me up and is looking for a one in a thousand property I am sure it can be done.How long and how much time to get there is debatable.I don't personally base business models on long shots.I want to know when I put time in that my chances of getting a return are very high.It seems like this flipping business is getting tougher and tougher.I have been having many investors from across the country telling me that flips are getting to be more competitive and dried up.The volume is going down and they are tired of dealing with home buyers.They are looking for commercial properties to move to a different niche of investing.I can tell you I wouldn't want to hold SFR house rentals as an exit if it doesn't sell.I do find it interesting to hear what different residential flippers are doing on deals though.

Some suggestions below...1. marketing - finding motivated sellers2. marketing - finding buyers3. acquiring and using the correct contracts4. pulling comps and determining value5. determining repairs6. motivation7. inspiration9. lack of confidence10. negotiating11. evaluating a deal12. working with title companies/closing attorneys13. creating relationships with other investors and realtors14. finding a mentor15. fear16. other (please explain)I'm trying to get a feel for what's on your mind these days.