It's financed at 3.3% for $240k, so the P&I should be $1051, tax around $650 (if assessments have kept pace with the rise in value), insurance maybe $150.

You than assess which is best, take the tax hit or 1031.     

@Alex Peters- Following this thread for additional ideas, but here are my thoughts:check bank account statements to make sure they have adequate reservescheck court records to assess litigation activity - both for the business entity and its principalsbusiness credit reportDo they have experience with other properties in Joshua Tree? 

I know I need a perk test and a survey, but the land owner would like an assessment of how much and the time frame.

Key drivers of the HOA fee increases have been insurance and special assessments.

The other thing that is stopping me is inaccurately assessing repair costs.

@Nicholas WhelpleyTo assess a property's potential beyond the 1% rule, consider factors like cash flow, market trends, income streams, house hacking benefits, risk management, long-term vision, and professional advice.

I've looked up local GIS maps and checked for tax assessments, but I don't think that's at market rate either.Same question for market rent - when searching for other parks in the area, it's very hard to get anyone to call / email me back for information.Any suggestions?

Assessing the current market conditions and property values in your area can provide a clearer picture.Current Market Dynamics: Consider other factors like inventory levels, the competitiveness of the market, and personal circumstances.

This insight was crucial in helping me make informed decisions quickly.Tanja was also incredibly adept at assessing the value of each property, ensuring that every investment I considered was a sound one.