agreed with @Neil Schoepp that this is a very low cap rate for a smaller park like this, and the typical industry norm is a 3 point spread to help when interest rise, all of your other metrics for investing....cap rates, cash on cash return, IRR will still work with the investment if you go to refinance etc.With a smaller park like this and lot rents around $200...your going to want to not pay for too much upside(at least for me)...Smaller parks can be a good opportunity for operators and if bought right, they can be a great options to your portfolio. 

They will typically give you longer term.

Let's say you have a typical small portfolio with buy and hold properties that are leveraged (let's say 70% LTV) but own one property outright.  

A room typically has egress requirements and other stuff to be labeled a BR (e.g. closet)

I let it go and chalked it up to typical rental issues most landlords have to face (we'll address it with the security deposit). 

You typically don’t Cashflow while you’re living there, but the savings can be fantastic, which can make it possible to save up that money for the next rental property.

, possible appreciation, and type of property (college rentals will typically be more hands-on). 

They don't adjust the claim property but typically hit you on the future purchases.

This is the exact strategy "gurus" use to get people to pay thousands for a course.BP is a valuable resource, typically people who post here offer value or have a real question/concern they need help with.

We knew the boilers might be a hassle going in, so the plan is to add gas furnaces and central a/c as the boilers age out, so even if this is a typical expense each fall, it hopefully won't last forever.