I explained some of my minimum requirements (10% COC, 8% cap rate, etc) and provided multiple BP reports to the seller along the way to justify our offers.

In my case it was for a flip, so we gave in and bought it, even though all of our business revenue was reported in the city in which we conducted all our business (collected revenue and paid bills.) 

A recent Bankrate report lists low inventory, builder's inability to keep up with demand, an influx of new buyers, strict lending standards, low rates, and muted foreclosure activity as the six reasons why they believe no crash is on the horizon.

Repair the items that came up from the inspection report. 2.

There are so many items you need to check on a mobile home park in due diligence and we wrote a course around it.Here is a short list of the most "deal-killing" items:1) Test ad.2) Certificate of Zoning from the city or county.3) Phase I environmental report.4) Review of last 3 years of P&L (and tax returns if available).5) Forward forecasting budget.6) Rent roll and payment history.7) Review of the water, sewer and electric systems.8) Size of each lot.9) Confirmation of which homes are occupied and which are vacant.10) Rent comps on all competing mobile home parks.11) Study of the metro market.12) Survey and title.Mobile home parks are much more complicated than they look.

@Matthew J.If this was a rental property, it was a business asset and the gain would be reported as a gain on business asset(section 1231/section 1245/section 1250) reported on form 4797.

Total reported expenses: $123,556. 

Could you please look over one of my example reports and see if I'm missing something? 

In short, your LLC income will likely just be taxed as personal income. https://smartasset.com/taxes/w...My understanding is that a Schedule E is for reporting income for partners in a partnership or S Corp, so no, you couldn't use it to report individual income.Disclaimer!

Since you had to ask your question, you are not ready or qualified to invest other people's money and before you do you need to have a conscience and be aware that you are putting other people's money at a high risk if you don't have what it takes to find the right property, have the ability to manage tenants, have the ability to do the math, keep the property in good condition, have a good handle on how to do clean recordkeeping, how do accurate bookkeeping, send your investors reports, how the taxes work for every party, how to deal with contractors and maintenance, how to evict tenants and get new tenants quickly and the list is much longer.