There is a good blog post about reasons to use property management companyFive Good Reasons to Use a Property Management Companyhttp://www.colonyamericanfinance.com/five-good-rea...But the question is, how do you find...

Assumption 1:  If the tenants pay their own utilities the expense ratio should be around 30% (in a well run park)Assumption 2:  if the owner pays the utilities the expense ratio should be around 40% (in a well run park)Assumption 3:  Do math for a 10 Cap-it works for any Cap rate you choose including  positive or negative*************************************************************************************************************************Net operating income=gross income - expenses Using the expense ration of 30%  => Net Operating Income*(1-expense ratio)=> NOI*(1-.3)Therefore:NOI/yr=(#lot)*(rent per lot per month)*(12 month per year)*(1-expense ratio)Cap Rate=NOI/Purchase pricedo some 8th grade algebra followed by some 6th grade math (dividing with a decimal)Purchase price=NOI/Cap rateTherefore:Purchase price{tenants pay utility}={#lots*Monthly Rent*12*(1-.3)}/0.1 =>84* lots * rentPurchase Price {owner pays utilities}={#lots*monthy rent*12*(1-.4)}/0.1 =>72*lots*rentThere are the 72/84 numbers derivedIts not rocket surgery.  

Yes, Jimmy, have a reputable RE Attorney review the contract.

Realtors live and die by their reputation so each deal can be a permanent risk... 

At this point we're trying to choose which market to invest in.  

Reputable contractors will warranty materials they provide for a specific period of time, as required by CA state law.

Your tenants will be the ones choosing (or forced to) rent, so it would be beneficial to understand the conditions and thought process that led them to that and what it means to you as their landlord.

Unfortunately they are the same night but since BD is every other month you can check both out without always needing to choose.  

I have yet to choose which way to focus on5.

Most importantly, determine your criteria and stick with it as, otherwise, you will be setting yourself up for problems in the future when you choose one candidate with problems but pass on the next one with similar issues.