Hi Michael,Shoot me an email or a private message and I will give you all the details on the portfolio lenders that I have a relationship with in Desoto county as well as how they typically operate and what they require.

I know that would foreclose a lot of private investment opportunities with large entities, but perhaps I can work with smaller operators, following all the rules of course.

@Emery Green I believe Ned is referring to the general rule of thumb when it comes to operating expenses for rental properties regardless of location.

@Angela Harding is a colleague that operates in Toledo.  

Get at least two contractors for each to give your their opinion of the operating condition of those items.  

I don't know if the 9.32% ROI is based on net operating.

You would need an operating agreement.

The creation of the CFPB lit a lot of fires under other regulators - state and federal and the intertwining complications between retailing manufactured homes and lending on manufactured homes suddenly emerged from under the radar to being in everyone's gunsights.There are ways for small operators to still function, but not without cost, and not without complication.

My name is Kevin and I'm a wholesaler operating in the state of Florida!

If the total of mortgages, insurance and taxes is $20K as Ryan calculated, it is essential you accurately identify all of the operating expenses.