Account Closed  your right there is always low hanging fruit.... when I bought my park in Vancouver it was a plum.. rents were 225 a month on average in 24 months I had them to 400... and made a tidy profit selling it... and just like multi  parks are in the same class A B C D etc.. some might be D for age and quality of the MH but it may have been run and managed like the one I bought in Vanouver it would have been an A park if the homes were pit set and newer.. but it had a mix of singles that that dropped it to B and maybe really C on age.. but on management side it WAS A all the way !!

I love the area, so I will pay a bit higher in premium to live here.The upgrades (as far as I can remember) are as followsGranite CountertopsStainless Steel Appliances (All GE energy efficient rated)New Crown MoldingHardwood FloorsGranite countertop drybar'luxury' light fixtures (they call it that, its just a little nicer)Nickel plated something something on all the cabinet doors and handlesSecurity AlarmMaybe a few other things but that's about it, and they want $1295 for it.

Always always have reserves and a plan B (and an exit strategy). 

Yes there are, @Ron Steele , but they typically only place capital for large deals. $10 million would be a small deal, $20 million would be interesting to a lot of these guys.  

Management Company = Waste of your money.I know this DJ from a satellite radio company, he's normally cavorting with heavy metal bands on a yacht in the Carribbean while he manages his STRs in the G/PF area with his iPhone.

I am looking for B and C class apartments, and the last few times I talked to brokers there just wasn't anything available at all. 

If the DOS scares people don't do wraps or sub2s stick with wholesaling or rehabbing but if you are willing to accept the risk than go for it but you better have a Plan B and all of your ducks in order before you do.

I work in the TV industry as an editor, and also play drums in a few bands. 

Imagine a community along the lines of a band of gypsies.

Account Closed   FOR SURE its a business chasing foreclosures.. its tough being a one man band..