I would still just budget 5% for maintenance never hurts.

Total budget was 90k plus.

Annual budgets don’t account for asset replacement and can be costly.

Repair budget of $60 per month is only 1 service call per year per unit.

Ask all of your costs items to make sure your budget includes all of possible headaches and get a taste for any lenience you might get and the things you do not have to worry about them and those that you do. 

My approach is plan for the worst and hope for the best.Is this the wake up call for most of America that living a consumerist lifestyle is not sustainable and that they need to serious change the way they manage money (or lack their of).They don't use budgets, they think promotions and raises is the answer to finally have a little extra money. 

Water was off at inspection so there might be a need to allocate some money in the rehab budget for any discovered issues.

However, I don't have the budget right now to buy a mobile home park.  2)  The lack of power of scale - My other concern is having 2,3,4 of these investments and running around with my head chopped off in terms of management as they are scattered willy-nilly throughout this small town, each investment needing yard maintenance and mobile home maintenance, that's a fair amount of management and TIME.  

Then I go to the CapEx budget to stay afloat, but that's eating your seed corn and now the overall turnaround has to get funded from cashflow when things do turn around, but the increased time crushes return and investors don't like that at all.  

This property, showcasing a jaw-dropping Lone Peak view, is one of the best locations for access to skiing Big Sky Resort and was priced within my budget.