Hi folks,I'm close to getting my first MHP under contract and am trying to understand whether my project will have some of the tax advantages that park owners enjoy due to the 15  yr depreciation schedule on certain infrastructure assets.Here's the issue; I'm buying the park for the current assessed land tax value and because it's a TOH only park with no buildings, the tax assessment doesn't reflect any land improvements (that would otherwise provide a starting point for determining a reasonable allocation between what's depreciable and what isn't (ie., the land). 

depends on how they do the appraisal. for HELOC most appraisals are "bench top" meaning, it's a digital value assessment through comps and MAYBE someone will drive by the place.

In the building where I have a rental property, the special assessment will be implemented this year.

So in such cases, Lending is limited, but is very much Possible, for non-US citizens investing in US property,The LTV would be 65-70% lend and the Interest rates would start at 6.35%What is the address of your property, and I can give you a quick desktop assessment, perhaps the value could be over 50K as the Detroit market has risen quite strongly in the last 7-8 quarters, (since 2017)

., will do.I've been in similar situations with 4-5 roommates, it just takes the right advertising and screening for people that are compatible.

@Roderick Gunn, for local government liens (such as grass cutting, demolition, sewer assessment, fire dues and library dues are the most common) the local government lien trumps the tax sale.

Outside of my engineering degrees, my work in medical devices makes me appreciate the process of assessing risk and risk tolerance. 

I also called the tax assessment office. 

If the cost is not covered by insurance a HOA will generally levy a special assessment on condo owners.

Most developers will not consider a speculative deal without proforma of 20% yield.So to specifically answer your question, you need to determine the level of appetite of your investors to assess what rate of return they are seeking with respect to their perceived level of risk.