So I have a hypothesis - that the high mobile home park cap rates are an illusion - that in the long run (ie holding periods of 20-40 years) these cash cows are giving you a return OF your capital, not a return ON your capital - i.e. a gradual liquidation.The reasoning is simple - if your customer base is stable because they are so poor they cannot afford to rent an apartment, how in the world can they afford to maintain the mobile home they own in a habitable condition over a very long period of time?

The slowdown in the real estate market is now a reality and I am glad to see that it has been gradual until now, as a steep decline will certainly push us into a recession.

Check out http://smartthings.rboyapps.com/Rental Lock Automator is worth its weight in gold...well. you know what I mean...there's no weight in a download.

I hope to base my business on solving problems and win/win deals, but if I'm consistently getting more out of the deal than the seller, then my conscience will eat at me and the money in my bank account will be a weight and burden rather than an achievement.Giving to charities is still paying from the money out of the original seller's pocket.Is the answer simply to accept smaller margins of profit and leave more on the table for the seller, or am I failing to achieve my own potential by intentionally limiting myself?

Young kids do not understand that mom needs to work or trying to sound professional on any sort of phone call is a joke but I want to feel that I am pulling my weight, doing my due diligence if you will, and able to be effective alongside my spouse as we start this journey.

.- 60-90 day closing time and higher closing costs than normal (estimate was 9-10k on 150k loan)- $500 application fee (however app ia reviewed before going to board and rejected before app fee is paid if officer feels it will not pass the board approval)- W2 income not needed. 3 yr taxes, business plan, 3 year business projections, weighted heavily on returns from property being purchased and its returns. 

At some point, there will be a disagreement or someone not carrying their own weight.

- What if one of you doesn't feel like the other is pulling his weight?

And I think your weighting you appreciation rate to high which is part of the reason why your numbers are what they are.

It is this gradual reduction of interest payments and gradual increase in principal payments that reduces the Interest Rate to the Yield to Maturity.