Glad to read your resetting yours since meeting the $100K mark

Originally posted by @Mark Douglas:I know it shouldn't be a deal-breaker, if the mgmt co doesn't want to manage a C/C- property, but do you contact them before you buy, just to see what their thoughts on managing it would be?

Another thing I noticed about these deals is that while you make good returns on marking up trailers 80% it takes the length of the note to actualize it. 10k MH sold at 18k is a 80% return! 

Originally posted by @Mark Nolan:@Geoff BishopMake sure to read the Beginner’s Guide... 

@Mark Holmes, thanks!

That is also visible to the banks when they check your credit, which answers your last question.2nd is the one year mark.  

@Mark Stevens it depends on a lot of factors--such as the grade of the property & neighborhood, the rent price, whether the unit is at, above, or below market rents, the availability of tenants, the supply of competitor rentals, the priority that the property has with the PM (which depends on the ratio of how much revenue the property is going to generate for the PM versus how much hassle the property is for the PM to manage), the PM's level of experience with advertising & placing tenants, whether the characteristics of the property match the needs and desires of the tenant pool, etc., etc. 

Even if I DID get in an offer and it was accepted, I have every confidence my broker won't hit their marks in a timely manor and I will fall out of escrow. 

@Mark Fergusonwhat do you love about their cluelessness?

The rest of Mark's post is worth considering.