Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

(I don't mind sharing it - I won't get it anyway - so if it is truly a deal and a BP member can get it, all the better)Details (read the Zillow description - the listing details are wrong): Address: 6610 52nd Avenue Ct W, Graham, WA 983384 mobile homes for $156,000Each home is a 4bd/2ba with laundryCurrent tenants pay $1700 average rent per homeSpace rent is $700 per lotThe numbers (per month for all 4 homes):Total gross rent: 4*1700 = 6800Total lot rent: 4*700 = 2800PITI: 860 (this is for the full $156,000, i.e. all 4 homes)Vacancy - 15%: 1020Property management - 10%: 680Maintenance - 10%: 680CapEx - 5%: 340W/S/G (this is a wild guess - I have no clue): 4*50 = 200Total expenses: 6580Total cashflow: 220I feel like I've been quite pessimistic with the estimations (e.g., 15% vacancy), and it still produces a positive cashflow.

I could be wrong but I dont see it.

I hope im wrong but I see a good court battle coming up

He also will tell me when the thinks I should take a different approach or am wrong, and I listen.So, the things I'd draw from this are, setting clear expectations with the landlords you work with, and maintaining a good rapport with tenants (that does reduce vacancy rates and people moving out, in my view), and being willing to go the extra mile (within reason).

What can possibly go wrong?

I may be wrong but in this situation I think it would be just as beneficial to take whatever they pay you as cash.

I hope I am wrong though :)

If the price is right I do not think you can go wrong.

Could be wrong depending on the numbers but its generally not something I advise people to do if they are in a good 30 year already.