Hey, I just thought I would check in and see if you made any progress on your assessment of MHPs in the past 7 months?

Ultimately I’m trying to assess in the current market how competitive this offer is.

Hey @Jim Rusco, also take some time and find out of there are any special assessments on the horizon.

Not to be argumentative, but @Huong Luu's assessment is not really accurate.

My question is, how do I assess how much approximately the cost for the rehab will be?

My first place was 50k that is now worth $110,000 and I rent it for $1100 a month so I got a steal with that one...until that special assessment comes...but it has produced a 150% ROI over 4 years so far.

I agree with above - definitely get a contractor(s) to come with you when you get permission to assess the property from the inside. 

Often times, the real estate tax bill can increase substantially in year 2 if you don't double check the current assessed value versus the purchase price. 

I think if all else fails and I can't amend the situation before I close on the property, I may try this after assessing the tenant's financial health and making a judgement call based on our interactions whether they would be reasonable about that.

As an investor in CA, I know that my property taxes will go up every year, that the state will come up with more fees to assess me, that they will disallow certain screening criteria, that they will continue to add tenant protections, that they will strip away landlord protections, that maintenance and insurance costs will go up every year, and that an eviction could take several months.