Are there any special assessments planned, or obvious deferred maintenance in the association that will result in a special assessment?  

. @7%Repairs/Maintenance (none needed immediately) est. @1% of purchase price/yearHOA is $80/monthPM fee is 8%Clearly there is not a huge amount of positive cash flow month to month.

I have R&R most items to make for minimal maintenance issues over the 7 to 15 year notes.

I just read another post about how the landlord lost 3 years of cash flow due to A/C and Maintenance issues.

No lawn maintenance to worry about in NYC, but make sure you get snow shoveled immediately or the city will fine you. 

I was wondering if I could get some feedback from seasoned MHP investors on the following potential deal:21 Owner Occupied Lots @ $225-$235 5 Rentals Units @ $295-$365 22 Vacant Lots 1 Stick Built Home Sold on Contract @ $595Average Monthly Income: ~$7,005 which equates to ~$260 per lotGross Income Income: $84,060 Expenses: Landscaping / Maintenance: $8,350 (9.93%) Insurance (liability only): $250 (0.30%) Real Estate Taxes: $8,400 (9.99%) Utilities: $2,700 (3.21%) Administration: $1,800 (2.14%) Waste Management: $4,600 (5.47%) Total Expenses: $26,100 (31.05%) Net Operating Income: $57,960Assuming a 10% Cap rate the value of this property today would be $579,600. 

.- Why buy a house you have to all the work on yourself (mowing the lawn, watering the grass, etc) when you could live in an apartment building with an on-call maintenance man to do the work?

What will it cost you to pay the owner plus maintenance, insurance and repairs?

Lender stipulates that I live in the place for 1 year minimum.I plan to live in the 3/1 for a while, take care of any maintenance items and make some cosmetic updates, and eventually rent it out.

(CapEx, reserves, maintenance, snow removal, trash, vacancy...)