Quote from @Fred Scott: Sunrise Capital Investors - Mobile Home Park Investment FundI've seen a few posts about them here but none of them actually talks about what the actual annual returns have been.They are advertising heavily for passive tax deductions which is fine but what are the actual returns over a period of (say) five or ten years?

You don't need to know everything to get started; you need a foundation to build on, and the rest will come through experience and then refining your education.You can build a basic understanding of investing in 3-6 months.

I noticed the market was shifting, so didn't run to get under contract until day 43 of the identification period.

The heating system, while straightforward, wasn't cheap for my 3 unit and will have a longer payback period. 

I tend to ask the same questions multiple times over a period of time to see if I get consistent answers.

We meet in person next week.It sounds like they are looking for a buyer who will pay off their existing mortgage and they will help out from a seller finance perspective on the rest of the $699k purchase price.If they put it on the MLS< what would it sell for?

Even better, I might be able to snag it well under market value since it's an estate sale that's been sitting on the market for nearly 200 days.Here’s the challenge: while I could afford to purchase the property under market value, I’d be stretching my budget thin to cover the mortgage during the period I’d be remodeling the basement to make it rentable.

However what happens when the tenant vacates and now the unit has to be turned over/takes a few months to find a new tenant and during that same period of time the sewer line goes and you get hit with that $15,000 cap ex expense in addition to the vacancy and turn over costs.

If we become heavily restricted, what chance does the rest of the DMV have to get their own regulations that make sense?

You should be able to pay off the loan anytime during that period, without any sort of penalty.