Take a look at the spreadsheet for details.

You can get more details from your tax accountant on that. 

Here are the details. 6 singlewides and 3 doublewides and 1 vacant spot on approximately 1.5 acres.

I think that is very reasonable with proper analysis.

Market analysis is one of the most important disciplines you can master. 

On further looking into the details, I found out that he has also not paid any association fees since last few months and now this months water bill is due as well.What should I do at this time to take control this situation to get worse and reduce my loss ?

Will give you any more details you need/ask for.

Have been doing mock analysis of properties i find online.

Security deposit amountYou can find plenty of examples by searching for "tenant estoppel certificate doc" or exchange "doc" with "pdf" for more options.Here is an example and explanation: https://eforms.com/rental/estoppel-certificate/Some have a lot of legal jargon but this document does not need to be so detailed.

A couple of before and after pics, but I would love to see more as well as a more detailed rundown of the numbers. http://money.cnn.com/2018/06/05/real_estate/house-...It's also surprising that a "run down" house in Malibu costs almost a million dollars.