It could work as there a number of associations that publish current bench mark costs available via the web.

In fact, it may help your debt-to-income ratio if the cash flow is strong enough.Without boring you with how banks underwrite rental properties, the rents that you receive should roughly offset the expenses associated with that property.

Having said that, mobile home parks tend to have some of the higher cap rates used for any asset class, primarily because of the stigma that is associated with them.

Association fees are minimal. 

Also what are your other expenses associated with the property?

I am currently assessing house hacking opportunities that I would finance under an FHA loan with its associated interest rate and minimum down payment.

Maybe there are associations of foreclosure defense attorneys you could ask for referrals.  

As for a REI group, I'm working with the local apartment association to put together a meetup to network and problem solve.

Obviously I am sure this varies a bit from state to state as far as enforcement, but overall, Rhode Island does offer protection to the LLC if it is operated accordingly and pays attention to the smaller details associated with maintaining good standing and organization.  

Hey BP members,Had a quick question for the PRO's - I am negotiating my first FSBO deal for a SFH and was wondering if I can use the Purchase & Sales Agreement from the association of realtors (TAR - Tennessee association of Realtors as I live in TN)?