(my target is at least $500 net after all proper reserves per home)Do you see any major strategic flaw in this plan?

Sale 7 properties (some with liens/ some without) to the same person at the same time.Place all left over proceeds with the proper 1031 agent ( closing attorney).Use all the left-over proceeds as a down-payment for a much larger complex (will be identified prior to sale).

A lot of companies can’t answer that question.When they can’t answer that question, in my opinion, they have not properly defined their strength, and don’t understand what competitive advantage they can deliver to their investors.

CAP rate is a function of market demand and actual Net Operating Income.See if the seller will provide you with three years of Income and Expense statements. 

There isn't enough information to give a proper assessment.

Prices kept risingNow I am playing in Detroit, building costs in the last 12 months has increased by 10% a good signCurious do other investors look at this Makes perfect sense to me, Marisa unless builders are getting increasingly pulled to the suburbs and build prices are rising simply to entice them to Detroit proper (not sure that's necessarily a bad thing though either).Curious where you're getting this data.

That plus my knowledge of how the economy functions helps a lot.Nose to the grindstone isn't a chore if you have a passion for it.Good Luck!

I think you should be talking to an escrow officer at a Title company if you want this done properly.

Hello BP, I've got questions about the proper way to sell my mobiles that I fix up.What I do is purchase a mobile home.

I don’t need them to help me run the RI business but I do need them to factor it in properly to my overall financial picture and retirement planning.