Value should be based on an IRR calculation and the project should compete with other projects for the investment dollars giving your cash constraints.Value and how the property is valued by lenders are two different things.

"{ I have warned that this is a complex topic that is probably left to discussions with competent professionals. }When I consider investments, I have a number of alternatives.

Depending on the key word you use, you could be competing against tens of thousands of others.

Without that you start competing with the luxury complexes catering to students sprouting up along the bus routes.The good news is that if you choose to sell you have three distinct target markets: rich parents buying for their kids, college rental investors, and regular homeowners including the college faculty/staff.

While SFD prices do compete in a way with rents, rent vs. buy in that area, as mentioned, it's apples and oranges.

Drive the 'speed bumps' and go into those communities at least once a year to let them know you are interested in purchasing if they would consider selling.Specific sites for deals (at the risk of them being 'shopped' and at high prices) are:1. mobilehomeparkstore.com (note: the owner of this site competes with you and is a MHP buyer himself - but good site none the less)2. loopnet.com3. marcusmillichap.comI highly recommend education prior to investment.

Most of the big players have this market cornered because they work from the top down.

If I were you I'd hound the closing attorney to get a competent person doing the title exam and get an attorney's opinion.

Stocks I am like a fish out of water and have zero interest into getting into that.The time to even scratch the surface to learn that would take away from my core competency and I wouldn't enjoy it.If you love what you do it's easier to be successful at it.

Is this just really code for the bank not wanting to compete?