Renters are picky, and expect updated units, no nasty carpet, or dirty looking units, plus you will get a better quality tenant.

Things we've had flagged in the past are having dual sensor smoke detectors installed, all windows must open/close, torn window screens, functioning garage door, fire extinguisher present in kitchen, floors/walls must be in good repair, 2 prong outlets if no grounding wire is present, etc.

I'm hoping that would imply there's room to increase the rents via improving the quality of the units.Thanks again for the response and educating us on what DSCR & CAMs are about and how those figure into the numbers, we really appreciate your input.Cheers!

You also need to assess area rents, as well as understand what your finished target should be - quality grade, amenities, etc.

How to destroy, bend, scratch, scrape, tear and collapse window screens efficently.

look at utilities and other added benefits you could upsell to your tenants, but it looks like you have a great deal, just screen properly and be professional firm and courteous to your tenants.

We screened the appointments and went to who we thought had high motivation and the ability to sell from an equity perspective.

If you always provide quality work and effort you will win out in the long run.

This park appealed to me because of its quality location, attractive demographics, and the fact that it is just so much harder to find parks these days with so much investor capital on the sidelines chasing the same product. 

My theory is that they really don't have a solid grasp on the proper way to do it, i.e. handshake deals, improper tenant screening, etc.