I think, you have to need an expert advice in this regard.

As far as paint, I use a two-tone paint scheme but the colors are the exact same in every unit.

When you could borrower at 4% and buy at a 6% cap thats great, when you now buy at a 6% cap but leverage is 8% thats badSo right now we are patiently waiting as there is a lot of debt coming due and current owners are either going to need to sell or need rescue funding.

@Marcia Ramich I'm a wholesaler, so no, I don't have a market and buy box, that would be what you ask a buyer (I don't mean that with any kind of negative tone, I'm just trying to clarify).

Because you will always have some turnover with RVs as opposed to Mobile Homes, you're going to need someone on-site to manage that.I'm happy to share with you some sample Income & Expense statements from Parks I've been involved with.  

You are going to need # units and the rent amount for each.

However, running out of capital to invest is not the perfect argument it's crafted to be since the reason we all went into real estate as an asset class to begin with was that we could always partner with banks to fund our deals.The magic of only coming up with a fraction of the cost ensures you are always going into any deal with a partner, except the bank is always the passive partner that is never going to need a K-1 or an offering memorandum.

If you want to use a rule of thumb like that you're going to need to move it up to 1.5% or higher.In the end, it's better to just find a market that will work for you, understand it intimately (or work with someone who does) and come up with a buy box.For example, I generally know that in Detroit I'm looking for SFH's in the $70k-$90k range all-in (including a cosmetic rehab).

You are going to need to do the repair. 

Setting the Tone: Treating it Like a BusinessLiving with friends can be an incredible experience, but it's crucial to establish clear boundaries from the start.