Now for the question: in the new tax law, effective Jan 1, 2018, I understand changes have gone into effect regarding the ability to deduct the interest of HELOCs.

Once you have earned some money and mature a bit you may find that it is also part of the responsibility that comes along with success that may lead you to simply want to help a community maintain or improve its quality and value.

Also, I have found a lot of deferred maintainance in buildings like these that can cut into your cashflow from day one.Hope this helps!

I have many offers on the property @ $1600 and $1500 respectively that i'm sifting through.assuming they don't all fall through i'm in effectively for no money out of pocket and $3100 in cashflow - the mortgage which should be in the 2k range after the refinance.  

It's the largest group on LinkedIn that is exclusively focused on mobile home park investing.Mobile Home University - http://www.mobilehomeuniversity.com - This is the site maintained by Dave Reynolds and Frank Rolfe.

One more thing to consider with a HELOC that could have effect on the deal you are trying to use it for.

There is a difference between ongoing repairs and repairs that have stacked up over the years as the seller has sucked out maximum cash flow and put a band aid on everything instead of properly maintaining the asset.

What type of records should we maintain?

So what you are saying effectively is I started negotiations within my 45 days identifications period.

Curious how long they can maintain it, I remember hearing they have lost millions of dollars so far...