Delayed financing has been explained to me as refinancing a property that you purchased with your own money (as opposed to loaned from family, friend or similar). 

Similar type of renter market, decent cap rates, and appreciation has been very good.

They are now proposing a new buyer that raises rents by improving a property may have to pay up to $4500.00 per tenant....absolutely crazy....of course every tenant and attorney is going to jump all over this and likely other cities will adopt a similar policy.

Not to jump onto this thread too late, but I have had success doing a similar approach albeit with multifamily properties in NYC.

The total rents are similar to you around $3300, cap rate is around 10%, and expenses, including PM, vacancy, cap ex, are about 50% of gross rents.  

@Joseph DiNardi-Mack I ran into a similar problem with Zillow.

We are superhosts and have been receiving consistent similar returns for about 18 months with three other properties.

Hi @Chris Sellers:I haven't personally explored the possibility of building a new mobile home park, but have heard similar concerns and would imagine the zoning to be a real hurdle. 

I did a calculation similar to yours and saw the same numbers. 1 unit is 1100 sq ft. 2B 1Bth (potentially may add a 3rd bedroom).2 unit is 2000 sq ft 3B 2 BthFrom my research and understanding of the market dynamics - Boston homes usually rent is by room. 1 room ~1.3-1.5K.

(most expensive)I know this depends on the cost of the premiums, but I'm just hoping to get some insight from any of you who know insurance or may have been on a similar situation before.