@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. 

If that is the case, consider exploring the ROBS 401k which is a type of 401k that allows one to invest in their own real estate operating company and also draw a fair salary. 

@Eric Hathway I have a good friend who owns/operates http://www.portsmouthatlanticins.com/ and has always been super helpful.