The 1% rule will kill you if you use it that way.To offer a single data point, I’ve looked for turnkey rentals in the Denver proper area (hot neighborhoods) and have never seen rent that matched the 1% rule in the last 18 months.

Or is that just old data? 

Same thing with a few relatives of mine.

Not life or death relative to the big picture.

just take a QC  and transfer the legal description from current deed.. and have your relative deed to you. and if there is a place for consideration just put 10.00... its on the county transfer form that you need to describe its between relatives not on the deed itself.. at least I have never seen it on a QC and I have done them in many many states.

Definitely start jumping into the community here and feel free to ask any questions related to Real Estate investing!

This all info is related to your existing tenant.

You're correct; our decision to pursue developing a new MHP is based on demographic data and economic employment analysis (aka, base employment analysis) which, when coupled with other specific reference points, clearly indicates an opportunity.

I am relatively new to BP and have been interested in real estate investing for a few years.

Do your research of the neighbourhood for crime stats, rentals versus owner-occupants, sometimes cities provide this information or other data sites.My first rental was in a questionable area, and it was quite a learning experience.