Also a specific item stating that there was no adjustment for appreciation for the comps that are older than 6 months (which 4 out of the 6 were older).

Hello People,I am looking at putting a MHP under contract and would like to have some advise on how to value it correctly; the details to hand are s followsa) 34 unit MHP (15 of them are POH ) asking $350Kb) Total Gross income from lot rentals $5700c) Monthly expenses (onsite manager/maintenance $1200, property taxes $50, supplies/misc $150) - I feel the expense ratio is way to littled) tenants pay for all their utilitiesare there any other expense line items that I need to look at or ask forAlso can the experienced MHP investors  please advise on how to value this property

Networking, business models, tools, and especially the podcasts, all great ways to learn.

I did did a lease options partial rehab to flip, and ended up spending $5k more in repairs and items that "came up" after the tenant moved in. 

I really appreciate you taking the time to itemize all of those different expenses.

Sounds like you understand construction so get a good feel for needs (roof, porch, etc) and just build out in excel the aglow over time and when you need the big capex spend for these items.

The reasons are the same as item 1 and 2 above.

My wife and I have a discover card that we use for gas and some other items and we pay it off each month.

Hello, getting ready for my 1st property and I want to build a model for future investing.

He picks out of 7-10 "common" rehab category cost items (replacing carpet, painting, etc.) , for different trim levels.  2).