The property manager can make or break you, it has to be a PM that is working in that space and is comfortable there.I agree with earlier comments to look in the front and back yards to see how many old cars, abandoned junk, or treasures that aren't treasures are piling up. 

OK lets analyze this post.I still fail to see the value in that post... not one single person genuinely interested in learning how to wholesale would find any value in that post.Don't you agree?

While I agree that redevelopment has hurt mobile home parks, ours is not the case.  

I have 20,000 + commercial mortgage broker contacts on LinkedIn 18,000 of which have agreed to accept a monthly newsletter we email to them.3.

We had to move fast and initially decided to sell it, the relator who was helping us somehow convinced us we should make it a rental property......... and let her be our tenant (insert face palm here) so since we had no real estate experience and we were already moved away, we agreed.

I would agree that RE prof status is hard to achieve with a limited number of properties.

@Joseph Beilke totally agree with your assembly of Jaco.

Yes, we agree this is a PM issue / topic to handle.So we've left it for them to do so.They've already showed the tenant, from the contract language, why they are being asked to pay for this.Thanks again,

Make sure both parties fully understand and agree on:How profits/losses will be split Who is responsible for what (e.g., repairs, management, communication with the seller).Exit strategies in case things don’t go as planned.When you do find the right partner make sure to create a joint venture agreement that outlines all of this clearly.

We agreed on $345k with the seller carrying 10% on a 20 year note at 5% for 18 months.Financing the deal went pretty smoothly, although a bit slower at first then I would have liked.