Its unlikely, but I've seen a few of these that were located in developing neighborhoods and sold for a fair price.

A house or a mobile home on a main road, not held completely to the sfr zoning as development moves into an area main road frontage can be turned to commercial all the while you are renting it as an sfr until that potential shows up.For example, we bought as a tax deed 2.56 acres on Normandy blvd in Jacksonville Florida with 2 houses and a Mobile home for 49k, but it also has 528 ft of frontage on Normandy blvd  which is SR 228 & 330 ft on the side rd.

As others have indicated, selling out of the low cash flow but high equity assets could set you up nicely into some good development opportunities with ST depreciation (off-setting taxes) and good LT cash on cash.

I always tell investors to work with someone who has developed relationships with contractors and obviously utilize who they recommend.

Purchased from the developer with plans to capitalize on significant operational efficiencies due to owning the property next door.

Put it this way, if you keep waiting for it to crash, you are developing Analysis Paralysis and having your capital just sitting there.

As a former CRE developer for industrial assets, you would see rates varies across markets: LA 3-4%, Inland Empire 5-6%, Phoenix 7-8%, Bay Area 4-5%.To answer your question, do you want a high or low cap?  

I am looking for those who have bought commercial multi-family apartments over 10MM and if so I would be interested in discussing about your process and interests in future investments. Also how you pay out to share h...

Currently I'm working as a project manager in a real estate development company in Flushing, NY on a 200-room hotel development project.

Has anyone every developed additional spaces in a mobile home park?