Secondly, any MHP investors have thoughts on opportunities in SNJ, PA and DE?

I thought there was an opportunity to help out the seller's son and possible buyer. 

Before I pose the question of my opportunity, there is some backstory. 

They may need some updating but are perfectly livable and afford you the opportunity to force some appreciation.

Do you have a specific deal opportunity that you'd like mentorship/collaboration on?

Hi All,My quest for my first rental property continues and I have an off-market opportunity in the Old Brooklyn neighborhood.

If a property that is worth 5.3 million today at 6% cap approximately, can be bought at 5% interest rate; if the same property I could get at 4.3 millions in 2 years if the market falls, then interest rate possible at 6-7%, my cash on cash may be better but still not significantly better due to the higher interest rate, plus opportunity costs of sitting on capital for 2 years (1.3 million investment earning 1% bank interest instead of 7% COC if invested, loss of tax break depreciation, total loss may equal 200k loss in profit), plus increase in the rents and some value add could increase the cap from current 6 to 6.7 or so in 2 years.Unless, I find another source that can give me a COC of 7%, sitting on cash for 1.5-2 yrs for market to correct may itself be a loss.

I am looking for out of state investments and would like some guidance on which cities would provide good opportunities for newbies like me.

It's rare a seller actually even understands owner financing so this could be a good opportunity for you to save money or even make money if you do it right.It's all about the numbers and what you plan to do with the property.

If the opportunity arises for me to slip in a line or two, then I do and it has paid a plentiful amount of dividends.