The repairs and maintenance on 25 year old mobile homes is sky high, the uncollected rent and evictions on park owned mobile homes is astronomical, and I bet the owner isn’t carrying any insurance.  

I would highly recommend you direct them to your website which can amplify the credibility that you want the seller to see.

Essentially he rehabs his properties to make them undeniably high quality (not just "good enough" for section 8) in order to generate a huge demand and thus be able to be extremely selective in his tenant screening process. 

I took care of our contractors, material acquisition, etc.I have been here every day since development started.

Step one know your FICO score, keep it high.

The group we purchased from came in and did a beautiful high end renovation on all 100 units.

Do you want "leads" or do you want highly motivated leads?

I highly recommend one that integrates with your management software.

@Bob Asad investors in high-cost areas do this all the time, but I wouldn't.They are betting on both value & rent appreciation, but it is speculation.

Hi Ian,I might do that deal if I also felt that the rental amount was projected to go up (like in a high growth market) or if appreciation looked to be promising and I wanted to exit the investment in a short period of time but in general, by doing the deal with only a 6% profit, the margins are slim to make it worth it in the short term at least.~ Lindsey