Don't hesitate to define your occupancy, parking, utility and maintenance rules in writing.

Since you are paying above market, you don’t want to get stuck with a bunch of deferred maintenance so have to hold the seller to providing the property in rent-ready condition.

Personal home ownership will help you understand investment property maintenance.

Purchase price: $415,000 Cash invested: $200,000 Sale price: $799,900Home had serious deferred maintenance and the former owner passed away at the kitchen sink, causing a majority of the home to be flooded.

It's a simple way to keep up on maintenance.

Third, working collaboratively with the seller proved to develop a stronger relationship than had we been competitive/combative, which helped us navigate big maintenance and vacancy issues.

I can't do any maintenance myself, two left thumbs, that is not my gift in life. 

Purchase price: $100,000 Cash invested: $15,000 Very low maintenance rental which has stayed rented the whole time we've owned it.

Some of those variables are the size of the park, number of vacant spaces, number of POHs, number of vacant POHs, number of MH spaces, number of RV spaces, the park amenities, the age of the park, underground infrastructure age and condition, park location, size of the market, value of SFRs in the market, city water or well, city sewer or septic, other utility sources and whether or not they are direct billed, deferred maintenance, cost of management, and more.

But they can be nice since some cover all exterior and so that saves you from any maintenance down the road.