It changes procedural guidelines and removes restrictions that were considered overly burdensome.

I've heard some positive and negative reviews about listsource and that's expected, but I don't want to buy a list that isn't producing any deals.

The only way I can produce buying power is use a heloc.

These situations, if encountered typically become engineering and construction problems that are ultimately solved with the developer's money.You are encouraged to do a bit of due diligence before spending an inordinate amount of time on this (or any development project) by:- Determining the highest and best use you see for the property- Running a pro forma to understand the project's value (sales or capitalized rental income) to see if the project makes sense financially - creating a project schedule and pre-development budget-Using the above data to approach the school district to see if they will work with you based on an offer that you make to them that is informed by your due diligence and try to get the property under contract if you can come to terms with the district with a closing date you think you can meetYou may well discover that the school district would prefer or may even be bound to dispose of the property thru an RFP process, that is a "request for proposal" where you and anyone else can throw your hat in the ring to see who produces the most attractive (to the district) proposition.

Best regards,KevinBP Podcast Producer

@Anthony Greco For rental agreements, any one of the following three sources should work and be able to provide you with an agreement that fully complies with your state’s laws:1) The residential lease agreement put out by your state’s Association of Realtors. 2) A custom lease agreement produced by an experienced landlord-tenant attorney in your area. 

The units will produce 8400 per month .

The only agents who would waste time on a meeting like that are low producing agents who don't understand that a meeting for someone that far out from a purchase is a poor use of their time.

First you are buying a MHP and the income stream that the park produces. 

It can also lead to your tenant wanting to purchase the property at some point in time if they decide they want to buy and you want to sell (at the right price of course :)).When looking at expenses try to remember these major things and these are generalities:MortgageTaxesInsuranceRepairs (typically 1 month's rent for a 1 year lease.)Vacancy (typically 1 month's rent for a 1 year lease)Property Management Costs (typically 1 month's rent of a year lease)If you can produce a solid cash flow for your rental after these expenses are paid then you could be on your way to a nice cash flowing single family rental.