About a 55% owner occupied ratio.

. : $2,347-Paint, all new doors, plumbing fixtures, drywall work, garbage disposal, carpet, bathtub: $3,934-Labor: $7,976The previous owner did not do any updates to this unit for the last 25 years!

Given the above current owner is in the red every month $350 and is asking $475,000 for the park.If I am mistaken on any of these assumptions please let me know as my comments are based on these assumptions.From what I am seeing the seller is way out of whack with their asking price. 

So, I sold a Parcel in Dec. 2021 using Owner Financing .

The reason is since I am the owner of the LLC, it's income is reported in my personal taxes. 

You don't have any cash flow, you have reimbursed owner funds received from rent in the amount of $208.75, you basically prepaid the rent for the tenant at closing and they are paying you back in monthly installments until all of your cash is out of the deal.I showed him he doesn't have true cash flow until year 7 on the deal when he gets his $18,800 in cash out of the deal (down payment, closing cost, etc). 

If you're going to act as Owner/Builder, you had better be really knowlegable, and you already said you are not, right?

Hey Folks,I am looking for Rental property owners around Rochester, MN to ask some general questions about how to find tenants, banks to work with, realtors to work with and how to manage a rental property effectively.

It is not at all reliable.FOURTH:NEVER come to me with "I know a guy, that knows a guy that has a pet fish that has the same color of a girl's hair a complete stranger knows whose neighbor does 800 calls a day and gets a deal every week.Here is why.

Never rely upon a current owner search to determine the true status of a property’s title.