If it's this far below market, and it's on the MLS, there's something wrong with your numbers or you are missing something.

It is a flipping technique where you buy good properties at 5 to 15 % below market and resell at market price with in a 2 week period.

Include a description of the park - number of spaces, occupied spaces, monthly rents, acreage, size of spaces, whether the streets are paved or gravel, and type of utilities and who pays what.2.

Even if the value is 10-20% below what he paid some years back, it may still be overpriced.

The rents are (usually) substantially below market; there is deferred maintenance in the units; and the tenants have a Long Term bad habit of not following the terms of the rental agreement or LL/Tenant laws.By shaking things up immediately, they are put on notice to shape up or look elsewhere, and the sooner you get qualified tenants willing to follow the rules, the better.To be clear, I would NOT make such an offer to a tenant I put in, or at any time other than very soon after closing on a new rental.

Some say 10%, some say never go below $5000.I say it all depends on the situation.

No business is going to allow inventory out the door below their cost of capital!

You can utilize partners for their cash for a short term loan for buying distressed properties at rock-bottom prices, rehabbing them quickly, and re-selling them for below market prices for a quick profit – and a fast payback.

In current condition (apartments need rehab) I would expect fair market value to be around $225,000 based on the bank pricing 10% below fair market value in order to move the property.

There's lots of discussion about both approaches here.Either one requires buying right, and that means significantly below retail prices.