More sophisticated investors have a very good idea on how to be more competitive by doing things like becoming a listing agent to save money after the rehab, maybe the become a GC so they soft cost of labor, or maybe they just have a crazy good rate for materials.

Are people throwing in the towel and looking to move out of their parks?  

A couple of times I have called other owners and got in touch with their property management companies and have gotten a total run around to.... "well

A pre-qualify will result in a soft pull.

Regardless of where you go, with $40,000 typically would best be used as either soft cost (due diligence) money on a new construction for sale project, or alternatively you can buy a $200,000 property, putting 20% down. 

Tyler also points out the big challenge, getting someone to do the cleaning, linen changing, towel washing, etc.  

first point out a similar property thats just came on the market (in the last week or so ), call to tell them,  tell them its similar to their property, and you would like to "share" that information with them, and this information would help hem understand what their property is worth,this is a soft approach, so you need to follow up

And I also have a property management company that only manages my own properties which is 239 units total.I am also a Los Angeles contractor and I do Soft Story Retrofit work.

THe "as-is" value is much less, needs abt 10k in repairs and the mkt here is soft with houses avg on the mkt 60 plus days when lited at full mkt value.

Yes, this is a very soft, hard money lender that I know personally.