We’ve had some success in our local Bay Area market and we’re looking to expand operations into other strategic markets.We would like to develop some contacts and professional relationships with reputable wholesalers in the following markets:- Greater Sacramento area – we just opened up an office in Rocklin, CA.- Seattle/Tacoma area - business partner is from North Tacoma & travels back often.- Columbus, OH – I have family and friends in the area and travel there often.- Raleigh/Fayetteville, NC – we have 1 pending deal right now.If you operate in these markets or know of good ‘meet ups’ that we can attend while we are in the area, please send me a private message with your information and I will get back to you soon.Thanks and best of luck of your Real Estate deals!

Upon completion the property will be professionally managed.

@herman chen I was always under the impression only Chinese citizens are allowed to purchase residential real estate in mainland china, is that true?

Around this time I was working on some professional (my 9-5 job) things and there was some family drama (it involves lawyers, so I'll avoid talking about it here), so I was distracted.

Weed out the dilapidated MHs (which from the outside is most of them) Sell off as many MHs as possible striving to be that no park owned homes kind of place to reduce the maintenance costsHire professional management which should ultimately make the park more efficient therefore creating more cash flowDress the place up with some landscaping, maybe a new sign at the entrance, an overhang for the mailbox area, maybe a play park to really make is a classy family community.... basically whatever will make it appealing but still cost effective instead of the junk yard it is nowThere are roughly 5-7 of the approximately 9 acres for sale that are undeveloped.

That's true.

An 8% cap rate according to a seller is rarely a TRUE 8% cap rate, because numbers are padded or not included 100% of the time.

If done correctly and professionally it's a win-win situation.  

The summer brings all kinds of options--tourists, interns, visiting professionals, etc. 

But I think its incredibly tricky for professional builders to make a decent profit at it.