If they just pulled it out of their *** then I think you have a case of misrepresentation and should easily be able to get your EMD back at the least.

Yes, wood siding is more subject to moisture damage and rot, but you can pretty easily cut out a section yourself and (hopefully) replace it with an exact match.

If it does not include all these categories your evaluation would be incomplete.

@Chris Aronson Those numbers don't seem unreasonable, although from a cash flow analysis perspective you can remove your own utility bills from that number (those are resident figures and you should care about them for your personal budget, but they are not important when evaluating the property - a future tenant will pay them!).

According to the current owner, he easily runs the park, and his own side business, in addition to working a full time job.- I would not mind stepping in and helping out from time to time with the management of the park, but I wouldn’t want to be distracted from my high paying main income.

Therefore, in this case, I would evaluate the cost of cash for keys.  

You can easily call your local zoning board and ask a hypothetical question of 'say one had a SFR they wanted to turn into a duplex, what would the tax implications for this be" to verify on the property taxes.  

Primary targets are located in cities (100k+) with positive population growth over the past five years; possessing easily identifiable macroeconomics.

I don’t know if they sell for the same price per SF as side by side but they do seem to sell easily 

I am having trouble understanding how to appropriately evaluate the property's value - is it based on the current "market" value, the 2020 tax assessment value of land and improvements, or from a bank appraiser who would be used during the purchasing process?