I personally believe that it still has the most available margin to capture vs. the other two markets I'm in.

Tenants only want a simple clean, quiet and safe place to live and swimming pools with a bunch of brats is noisy and dangerous.

Once our lease expires or cycles, when we increase rent, we do so through a simple, one page addendum to the existing lease. 

Pretty simple procedure actually.Stephanie

A simple lease with option to buy if leaving it, but own on a wrap if investing in it👍

A simple sign stating video surveillance  is in use as well as leaving written notice about extra fees for dumping large materials should suffice on both fronts.

Here is a simple example:10 POH x $1k/month home & lot rent = $120k/year x .75 Op Ex = $90k NOI / 8% Cap = $1,125,000 property valuevs.10 TOH x $500/month lot rent = $60k/year x .75 Op Ex = $45k NOI / 8% Cap = $562k property value

So to keep it simple, I would grab 100 homes for 3.5 mil, which would bring me 150k-190k/ monthly Net.

very simple your acquasition costs are in many case a fraction of CA.. in many cases you can buy a home for the same price as the downpayment required in CA and other high priced markets.. this is the main draw.And also the thought process that rental properties MUST throw off positive cash flow the higher the % return the better WITH minimum down IE 20 to 25%.. 

Just keep it simple - the tenancy is not being renewed, please move out by the end of September.