When the appraiser came out, he estimated what the combined market rents would be on the appraisal, in our case $3550/mo.

Also keep in mind that combining your finances with you wife for a bigger multi-family using FHA or similar loans might end up better than 2 separate investments--1 roof and as much as 4 units.

For manufactured homes on their own land, be aware that a manufactured home that's been moved more than once, even in good shape, can be harder or near impossible for a normal buyer to finance...so in the case where you're putting each on it's own piece of land, you may want to/have to owner finance.It doesn't sound like you're very experienced with the permitting/utilities/etc portion of things,  each piece of land will have it's own unique set of development costs & challenges.

And even after doing that work, if the utilities are combined the landlord will be paying them. 

The unit is not that unique and there are several comparable units on the same property.

The price points combined with the steady job growth here make the rental market strong and improving by the day!

It is a unique house that has been hard to find comps on given its layout and design.

I usually use 5%, but this is pretty localized.20% combined for repairs and CapEx is conservative.

I can see he is forming his own unique groundbreaking strategy that none of us can understand, but one day we'll all give it an acronym or nickname, and it will be the hot new niche for everyone to try. :)

Everything is moving online and smaller combines aren’t going to move towards buildings but instead websites.