Its unfortunate your friends didn't respond when the post was fresh several months ago.

We are currently in the investigation phase and I am trying to hash out some rough annual operating data (the actual construction costs fall under his domain).

We're both fresh out of college and looking to get our first property in the next few months.

Good evening BP folks,I am fresh to this forum and podcasts, on the tails of recommendations from some friends who invest in RE now.

Fails to tell the homeowner that they are actively marketing the property for market value and that the investor or real estate broker plans to assign their rights in their contract with the homeowner to another investor/buyer.Fails to tell the homeowner that they intend to make a profit by accomplishing an assignment of the contract.Fails to tell the homeowner when the contract is assigned to a different investor/buyer.Investigated Case ExampleBelow is an example of a case that we investigated where the broker involved in the deal was referred criminally and her real estate license was revoked.The victim had the misfortune of being on her front porch when an “investor” and his real estate partner approached her and told her they used to live in the neighborhood and wanted to move back.They figured out her weaknesses and used them against her.After “working” on her for a few days, the investor and real estate agent had a meeting with her that lasted hours.

If  the numbers work the next step like I said is to thoroughly investigate the Park & Management.You want to know everything you can get your hands on regarding the park - they have a lot of power so you need to know what you're getting into. 

Thanks @Scott Mac, @Jay Hinrichs & Account Closed We let the initial listing expire and had fresh listing with new agent in January.

Is it well lit, clean, freshly painted and sanitary? 

We did more investigating and to get a special exception was going be extremely difficult The good news is that it is up to the developer to figure it out.

Fresh paint and staging inside with new hardware and lighting in the kitchen and bathrooms.