Really the fact is that in Boston, you can still get property that yields over 10% annual cash flow on a gross basis, which you will never find in NYC.

Annualized, that's 2.4% (.024).

If you mean the HOA dues are supposed to be $200 per unit per month, that's an annual budget of $168K.

Ultimately, my annualized return is the same but I end up making more money through quantity.I am actually working on an edited technique to do just this and am very excited about it.

A big bad wolf?

Do I use the typical wholesale formula of ARV x .70% - repairs - assignment Fee ($5000) or do I also take into account the annual gross rent of $31,800.

If you believe inflation (5% annually) is coming?

Cash flow wise, in my area we wont look at it unless there is at minimum, absolute rock bottom minimum 25% annual ROI, and that is given a cash purchase, no HML, no financing.Manufactured homes are cash cows if done right.

Will $40k annually really be all that you need if you drain all of your cash to purchase $500k in property?

It is well known that Wells Fargo paid the money back, and they haven't used the term 'TARP' in annual SEC document filings for years.