Sometimes in markets that are that active, you may want to offer close to asking, if you think it is fair.

The amount that a title company can charge for title insurance is fairly regulated, so you're probably getting a market rate for the policy. 

If you don't feel comfortable sharing detailed information on the public forum feel free to PM me and I would be happy to help you arrive at a fair market value for this property.

I have been in real estate a mere 12 months, so I am fairly new.

Their 3 kids and spouses have pitched in to help them maintain the property.

I don't want to seem greedy but I want what is fair and as we are new in the industry I don't know what is standard. 

Interesting thread...Im a notary in California and do a fair amount of mobile services.

Flips can go sour quick, and living there can turn into a nightmare quick.I would instead look to buy an estate sale outdated but we'll maintained property.

My properties were in Detroit and believe it or not, their court system was fair. 

*Current numbers*Gross income: $1,380/month or $16,560/yearTaxes: $67/month or $800/year Management: I will be doing this myself with my team, but I am thinking around $250/month or $3,000/yearMaintenance/Capital Expenditures: $250/month or $3,000/yearVacancy: I'm thinking very low since the trailers are not park-owned, but I figure 5% is fairly conservative. $69/month or $828/yearNet Income: $744/month or $8,932/year.The asking price is $75,000 and the seller indicated it was negotiable.