Glad to see you are utilizing a property manager right from the get go.

If you put yourself in the rational consumer’s shoes, you would consider the total cost of each of the following housing options:A) a monthly mortgage payment + utilities + insurance + taxes on a single family home that you buyB) a monthly rental payment + utilities on a 3 bedroom single family home that you rent C) a monthly rental payment + lot rent + utilities on a 3 bedroom mobile home rental that you rent D) a monthly mortgage payment + lot rent + utilities + insurance + taxes on a 3 bedroom mobile home that you own (own the home and rent the land)A deal breaker for me is a situation where there’s <$200 spread between options A/B and C/D.  

I know that it is possible to syndicate alone, but I'm quickly learning even more of how much of a team sport it is. 

Address: 909 6th Ave Oroville WA 98844NOI: $717Cashflow: $487Cash on Cash ROI: 18.90 %---------------------------------------------PriceOffer Price: $69,794---------------------------------------------IncomeRent: $1,172 @ 105 %Other Income: $0Total: $1,172---------------------------------------------ExpensesInterest: 3.88 %Mortgage: $230Tax: $45HOA: $0Vacancy: $59 @ 5 %Insurance: $59 @ 5 %Utilities: $0 (renters pay)Repairs: $88 @ 8 %CapEx: $88 @ 8 %Property Management: $117 @ 10 %Total: $685---------------------------------------------Total InvestmentDown Payment: $20,938 @ 30 %Closing Cost: $3,000Rehab Cost: $6,979 @ 10 %Total: $30,918

@Chris SeveneyWhen demand is high and supply low........Sometimes, the best deal is the one you pass on.That being said, utilizing creativity, which depends on many aspects, such as knowledge, experience, ability, etc., can lead to returns far above the risk related thresh hold.Since we are unable to find a satisfactory number of commercial notes we can buy at a large discount and restructure, we have done some creative type investments.

While there are the more obvious expenses such as utilities and insurance, do appraisers add additional ones that they subjectively determine should be included, such as cap-ex? 

Once you find them you can always utilize social media, especially Facebook.

Is there any way to switch from treatment plans to public utilities?

Does anyone utilize "Tax Assessment" when gathering comps for a deal?

The holding cost is comprised of the interest payment plus taxes, insurance and utilities you need to pay while holding onto the property before you can re-sell it.If your credit is 720 and above, you can get a BLOC (Business line of credit) to fund the remaining 10% + points+ closing cost + holding cost.