However at the same time, if appropriately structured and accounted for, they can provide additional liability protection.I heard an interesting story once which I talk about on one of my podcasts (can't post links).

Who is the appropriate person?

I thought what I was doing was appropriate!

It is very easy to manage and ensure all appropriate income and expenses are applied to each individual property.  

In most cases if a property is not priced appropriately the seller will reduce the list price over time (generally every 30 days or so) rather than just accepting an offer with a large percentage off of list price.  

At a minimum, add a category for everything that is not an acquisition cost or a construction cost and call if "carrying costs" or whatever name you consider appropriate.  

However, when properties don't trade based on their appropriate risk tolerance, I think you can predict short-term market cycles.

From working on these projects and interacting with care providers, charities, and government sources, one thing I've learned is that assistance for people (like your tenant) is out there.This helps you because it means that more appropriate housing for him may be available allowing you to place a better tenant at a higher rent, or that someone other than you or your maintenance man could help with cleaning.It will take a little time and effort on your part but will be worth it because of either the increased rent from another tenant or the overall improvement to your property.* Plus you don't risk running into any potential issues requiring lawyers.

I'm looking at a manufactured housing deal in a normal neighborhood in San Diego (not a mobile home park) and wondering what type of value discount is appropriate compared to a property with conventional construction.

Would syndication be appropriate here?