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Flips can go sour quick, and living there can turn into a nightmare quick.I would instead look to buy an estate sale outdated but we'll maintained property.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

.)- If someone stops paying rent you may need to go through an eviction process- When screening tenants you need to do a thorough check of who you're renting to- There are several Fair Housing laws you need to be aware of when placing a tenantOften times, a PM company will even be able to cover their own cost by receiving the highest rental amount possible for your investment, most likely higher than you could by yourself due to the exposure and avenues they have for marketing.

My best guess walking around was that it needed some fairly moderate repairs.