To properly value a park requires a fairly deep understanding of how they will operate, given all the potential variables.

Hello Oregon BP.I previously posted interesting tips like Oregon's repeal of the tsunami zone building law and how to properly househack in Oregon.

It had minimal repairs needed because he basically remodeled it and I spent a total of about $5,000 for repairs, and to buy a new water heater, garage door and lift because it was a manual lift and I wanted a functioning garage for my tenants.

It had minimal repairs needed because he basically remodeled it and I spent a total of about $5,000 for repairs, and to buy a new water heater, garage door and lift because it was a manual lift and I wanted a functioning garage for my tenants.

It would be a lot harder to call you negligent unless as an agent you did not properly address concerns and they can prove it. 

Though I understand certain things must be in order for business to run properly. 

@Scott S.I would look at it more as a function of your reserves.

Getting proper advice BEFORE we buy a property us really important for us as real estate investors as you are leaning.  

I'm just getting started in the new jersey market as well and trying to learn the proper process for getting a tenant out.

If your current home can function as a positive cash flowing property, and you have enough cash saved to get a house hack with 3.5% or 5% down, then I would keep it and rent it out.