Negotiated minerals and water rights on the property, removed the single wide on the property, rehab-ed the farm home ($50k), added a stock tank with fish, repaired water well, and changed tax evaluation to 1D1 Wildlife to lower property taxes substantially.

One other factor to check just to help you evaluate:  check the expired listings. 

Since banks will look at my mortgages but cannot count any rental income, my debt to income ratio is not accurate and my income is much lower as well according to their evaluation. 

We'll re-evaluate next year and decide whether to pull out the equity we have and invest in cheaper markets where the cash on cash return would be greater.Anyways, I've read "The Book on Rental Property Investing" just to give me some background on real estate investing in general and the advice there is to keep 6 months of full expenses in cash reserves.

Hey @Jason Boice, as you're evaluating Skip Genie, we'd love to do a side-by-side results test. 

Hi,I am in the process of evaluating my first deal on a multi-family investment property that I will not live in. 

Although you likely won't pay all cash, it is still a pure way to evaluate the investment.ROI will tell you how the investment performs based on cash you have into the deal.

Can't really evaluate unless you know what the lot rent is, and if it includes water and sewer or not.As for the seller living in the park until they die, we've done that before.

From there you'll need to learn how to evaluate managers/sponsors of those types of assets.

Listen, evaluate, and prioritize their counsel.