There are two basic problems with the numbers you provided: 1) you can only use the lot rent income in your calculations and 2) the expense ration on a park of this size is closer to 50% and would NEVER be 15% (not even close).The formula of value for this park would be (9 x lot rent) + (single family home rent) x 12 x .5 = NOI.You would then cap the real property income at around 10% (it's your choice but small deals require higher cap rates) and then add the value of the POH if sold for cash (maybe $5,000 each on the 1980s and around $10,000 each on the 1990 and newer homes).

If you don't, there are some great resources here in BP and external sources like BNB Formula that can help you with Airbnb arbitrage (and not pissing off your landlord).

The discharge says she was sent home with instructions to hydrate.

Pay the bill yourself, then reimburse yourself by charging the tenants based on a formula.

Make some formulas that are meaningful like GRM, advertised CAP, actual CAP, cost per unit, annual rents, occupancy, etc.

I know what the formula but why is it so important?

Does the "buy it right" price fit into the MAO formula?

I memorized the formulas and there is a review in the book too.The state exam was not too bad.

There is no magic formula, yet that is what many new to the industry seek.

They do not pertain to real estate, but once you see the formula used to draft the copy you will be able to apply it to anything you want.