So I respectfully disagree with your statement telling me what my operating assumptions are.

We just made an offer on a 37 pad park with 7 POH's and our initial offer was 11% CAP rate on the NOI and shell value for the homes which range from 91-01'. 

I did some comps on my unit and for a three bedroom, its looks like a range of 1700-2100.

Similar sized houses in the neighborhood that are up to date are ranging from 650-850k.

@Grant Rothenburger I'll respectfully disagree.  

-Comps in the area range from Listing Price between $15,500 and $34,000 Selling Price between $29,000 and $34,200- I purchased the property for $1600 at the foreclosure auction -$10,000 in for complete rehab Including roof.

If you do your research and know what you are talking about, you will get a lot more respect from the developers.

I'm targeting properties in the $100K - $200K price range, with the intention of using traditional mortgages for financing.From the outset, I do not plan to set up an LLC; first, because I don't think most banks will lend to an LLC, and secondly because I don't think such relatively small investments will arouse the attention of ambulance-chaser lawyers. 

Looking in the $200-$250k range, preferably SW Florida, as close to oceanfront as possible due to increased rental potential.

Many members are experts in their respective fields related to real estate investing, whether that is real estate brokerage, wholesaling, flipping, buy and hold, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.There are some pretty cool discounts on various products and services offered as Perks to BP members that you might want to check out: https://www.biggerpockets.com/perks/pro