Marginal area, fill it up fast, claim low expenses, and sell the upside potential at an over inflated price.Wanting 100k above recent appraisal is ridiculous.

Of that remaining 1000, if your cash in was 120,000 then you would make those numbers.

Qualitatively, I have little concern about how these homes look or how eco-friendly they are.Bill, If you've personally seen these homes in Denver turn out to be disasters then I would have to remain objective and pursue another investment method.They seem to save money and time.

In my area (LA/OC) I've been seeing quite a few properties where the first unit might be 2/1 or 3/2 and the remaining units are 1/1.

During the lease option period, the property is really just a rental and taxes remain the same. 

He says the remaining ones will have to see if the customers will want to pay for $35 steaks or he will close more.

I say try it.As for the remaining left on mortgage (which is what I base the offer price off of) I would just call a local real estate agent up, they can generally find it with a click of a button.

Depreciation is a tax deduction based on the cost basis of the property and appreciation is the idea that it will increase in value over time which doesn't really work too well with mobile homes although the land will probably increase in value over time there's no guarantee of that either, it could stay even with inflation or even decrease.

There hasn't been much appreciation past the inflation rate here in a long time.

Second, the loan must have a fixed interest rate or an adjustable interest rate that remains fixed for at least five years.