I also know a handful of small operators that do well, 1-3 deals per month, but it took them a bit to get there. 

BP,Very interested in investing in MHP space, listened to all the podcasts, etc but don’t have the confidence to make the jump to making an offer unless I can partner with an experienced operator.

Hello KenIf you have a Windows operating system, you can use the Snipping Tool.If you have a Mac:1] https://support.apple.com/en-us/HT2013612] Command+Shift-4CheersRobert

@Erin NewtonI understand this was a quick calculation but don't forget to account for the other operating expenses, utilities, capital expenditures etc.

Current owner has been operating it this way for 7 years so he is lucky to have gotten this far without any issues. 

LOL, Shweta - I have incorporated these points into my elevator pitch :)  I am just finishing up a $75M 506(b) equity raise in conjunction with an MHC (acquirer/owner/operator) client of mine. 

The operative words are "automatic" and "millionaire."

So I got a real good education as we talked about everything from due diligence to negotiation strategies, operations, property management, tax strategies, lenders, financial analysis, etc, etc. 

So do these two companies require NMLS licenses to operate since they are not offering the loans themselves? 

While my business is in MA, all my rentals and my residence are in NH - so......After you set up the LLC per the instructions above, you'll still need an operating agreement, which most people skip.