If the community looks like crap, it's going to impact values.

Completion date shall be adjusted for change orders as agreed between Contractor and Client.make sure you get a lawyer to review any contract you put together as your local laws will impact what you can and can not legally bind a person/company to.

Rules and laws are changing quickly, I think there will soon be an impact on many of the startegies and products that can be spun in the future, watch who you hook up with.

I've known situations where bigger guys like us are occasionally hit and the "insulation" actually absorbs the impact enough to cause the ball to bounce off without breaking.

So increasing the income or reducing the expenses has much more impact than the income on a mobile home note...

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There is a principle who's name escapes me (referred to in Super Freakonomics) that when someone offers and insanely high amount of money for a ridiculously simple act - the risk of unintended consequences and their negative impact increases exponentially.

To answer your question, yes having foreclosure would further impact their credit negatively.But, even if the homeowner is convinced to stay in the game, BK removes nearly possibilites for a positive outcome for you as an investor.You will no longer control the transaction and that is a recipe for disaster.Crosswind and myself are giving you friendly advice, let the chips fall where they may.

Does anyone have an opinion on the commercial real estate crisis and which areas of commercial it will have the most significant impact on?

One of the biggest factors that I see impacting whether or not it will cash flow is the HOA fees.