Look for something that you would like to live in or invision how it would look after you repaired it (if necessary).

* Be sure that the landlord writes into the lease (and signs) any promised repairs

The problem with parks that have park owned units is you pay more for the property because of the income stream the park owned units produce.Pencil out what you would make should you sell the park owned coaches at say 10-12% interest figuring you will get some of them back and will be able to re-sell after repairs.

You will need money for the repairs though.

There is quite a lot of money expended out for things like water, taxes, insurance, repairs, overhead, upkeep, mortgage, etc. that all comes out of the monthly rents.

if you have tenants who need credit repair HELP... here's the guy to contact.

Make sure you have a percentage (usually 20%) set aside from your rent for overhead like when the condo isn't rented after a tenant leaves (unrented days), repairs, HOA dues, utilities you pay, condo assessments, etc.

He had put alot of repair money and other stuff on a credit card hoping to sell the property.

I certainly didn't intend for it to come across that way.My only point is that there are a lot of people that think it's no big deal to give a buyer a lot of cash back for "repairs" that the buyer never ends up doing.

Hello All,I wanted to find out if there is a way I can find out what % that I and other investors would get back if we did the following:Property cost $40,000 and repairs is $10,000 = $50,000Investor #1 puts in $25,000Investor #2 puts in $15,000Investor #3 puts in $10,000Total $50,000So what % would each investor received after property sells?