General range of NOI which I have read is 70% of collections if the residents pay water, 60% if you do.Keep in mind Derek - I am not a MHP expert - I am from multifamily transitioning into MHP's and have been to Frank Rolfe's boot camps and read his books - so I am evaluating your deal based on what I have read about the industry.A 12 cap on actuals with no park owned homes and 25% upside in a decent area by filling lots sounds pretty solid.Why does the seller want to let such a nice little place go?

Can always get started while working the 9-5 to reduce risk, and transition out as you find success.

I thought it would be a great idea to get a head start on my transition to the real world.

We've owned the property for almost 4 years now and they have never been vacant for more than 1 week at a time as we transition to new renters.

That's quite the transition, again, well done!

Good luck getting transitioned out to Colorado.

I have a part time personal finances business that helps us with taxes but I want to transition out of that and just do Real Estate.I think you hit the nail on the head when you mentioned math vs emotion.  

I'm actually in transition from the Chicago area; moving to Madison, WI.

I am in my mid 20's, recent university graduate, working in the transit industry. 

I am transitioning from the trucking industry to real estate.