They did not give me a price to start at,  they just told me that their info matched up with mine on the offer.Also, the sewage is city controlled as well.I do understand that I don't want POH's, but I am willing to give this a couple of years of work as long as I have good cashflow, and RTO, or just outright sell the homes to owners.* * * This is not the only park I am looking at, but it's the one that grabbed my attention for value add and market location.

I pick the ads that "match up" closely with what I have available and send a response e-mail with details about my rental unit and an offer to send pics, if it is possibly what they are looking for.I still screen the same way, like I would for any tenant, but the potential tenants already have a very good idea about the place and the details before they even come see it.The last two times I had openings, I found my tenants this way.

My main goal in RE is to build a robust cash flow generating portfolio that can eventually match my regular job income, hopefully within the next 10 to 12 years.Given New York's highly priced market, I am considering starting investing in New Jersey or Pennsylvania.

I have personally sold close to 100 properties in these 3 years so I hope that shows I am hard worker and can be for you if we match.   

They compile everything and match the street address with the tax records - so you know the debtor name, amount owed, tax appraised value, etc.

We can't determine the amortization from the post but that $175 will erode from increased insurance costs and a need to match principal pay down.  

Below are the sellers reported historical figures:Annual Rent: $33,900 (actual based on current rents- property is fully rented)Vacancy: 5% ($1,695)Gross Operating Income: $32,205Expenses:Water: $433Electricity: $420Taxes: $2,672Insurance: $1,635Property Management: $2,712Repairs and Maintenance: $1,695Landscape: $350Other: $870Total Operating Expenses: $10,787NOI: $21,417Cap Rate: 8.74%Debt Service: Approximately $13,749 - based on 25 year loan at 80%Cash Flow: $7,668Cash on Cash: 15.6%Obviously the expenses require due diligence to ensure the reported expenses match the historicals however assuming they do, the numbers appear pretty solid. 

I look for people matching one of three conditions: they own their own businesses, they have been members of the community for an extended period of time, or they are involved in real estate in some fashion.

This eliminated the daily routine of employee drama, the ongoing cry for the $15/hr, & the mandated 20% match on employee IRA's.

The higher the yearly cash flows, particularly on the front end, the more this number is skewed to the high side, assuming you can't match those yields.As for "high cap rate properties", these are almost always unrealistic projections on D type properties, that assume "normal" vacancy/collection rates for stable properties and a disregard for higher levels of vandalism and such.