Now my sweet spot is bringing the exterior up to current park standards and cleaning and getting the interior "ready for rehab".

I like to be very conservative with the proforma expenses and see if the deal is still sweet enough to pursue. 

The negative cash flow is not bad but there is some sweet equity in there which could be applied to other things.  

This leads me to think that in order for this to work I need to find a property in a pretty bad condition for a pretty sweet deal. 

If they can get the deal done and build in margin sweet!

Its bitter sweet to have MHC's be such an unfamiliar asset class.

If you're good at it though and you can make it as an agent and investor the real estate professional designation is sweet for taxes. :) 

@Kyle Neff Small multi-family seems to have a lot of popularity on the site, and @Brandon Turner advocates for them as well. 2-4 units is a good sweet spot for cash flow and will still keep good financing options, as they are still considered residential.

@Roland Paicely sweet, simple, and to the point!

Confirmation was in days that it was the right number and sweet spot.