The only time comps  come into play is for the appraisal, and the appraisal is important for financing. 

Sorry, didn't catch that distinction.Unfortunately your bank seller is not going to be responsive to payment demands after the fact so you'll likely need to find another pocket.It's common for foreclosures to have water cut off for months before the sale so first is this a large bill or small bill you are facing?

If you measure the totality of your investment, mean cash flow, debt reduction, appreciation, rent growth etc you will always make more money in the areas of high demand like DC, Boston, Seattle etc than you will make in a pure cash flow market like you will in the mid west.There is always the possibility of your rate going higher, but thats the trade off of a lower rate with the arm.

I know when I borrow money and granted its usually in the millions I have my financial package all ready to go on demand and it includes criminal and all my current licensed Mortgage banker RE broker etc.. just thinks its professional when you have those.. then if a potential investors wants to run their own.. that's fine.. but I won't give out my SS to just anyone it has to be worth it to me.. ( changing hats).So that's maybe a little of subject but the amount of people that I talk to that invested with a known shyster really does boggle me sometimes.

Is this a good deal.What numbers play a big factor in the success of this deal. 

It can give you an idea of nightly rates, what size units are in the highest demand, what type of amenities the top listings have, what occupancy is, and more.

I dont know if he married into a crazy family or what - what I was told of him at the apt community he lived at when he was single was that he was an angel and a clean freak and played by the rules.I dont know if he felt I was a sucker as I was a private landlord and moving out of town or what. 

@Tierra Petersen, no experience in Building an RV park, but I can tell you there is a high demand in our area for places to park RV's. 

There are many factors at play, but it seems many eyes are turning to the Philly rental market, not to mention us local guys with the connections.

lolAlternatively, I liked how you played out taking 100% of the money after a sale to spread it over multiple properties.