Hello,I have a simple beginner question about depreciating a building.

The costs of concrete, site work, utilities, permits, licensed tradespeople, heating systems, button-up, garages/decks, etc will blow you away.

Your property could become a super-fund site right along with the gas station.To me, #1 is a minor factor, if a factor at all.

I just have a simple question for you all. 

This is your brother-in-law's first investment so definitely agree with keeping it simple.

Also the pro-forma shows rents at $500/month, but Rentometer and other sites put the rent closer to $800/month.2 Questions I was hoping the BP community could help me with:1. 

For far more detailed explanation why look up "valuation of park owned homes" on google and zoom in on the mobilehomeuniversity.com site and read what Frank Rolfe has to say about this topic and you will thank me in the morning. 

There is a lot of information on BP about running the numbers on possible acquisitions.My advice is to dive into the wealth of information in the Videos section of this website.I am trying to gain more, and more knowledge and luckily my off-days just started so I will probably be on this site every second I am up for the next two days digging in deep and taking notes.

Keep in mind site super's or GC in these arenas are out there we can hire them.. they don't need to be principals in the transaction unless some how they are bringing you dirt at such a low value ( which is rare these days)

I'm brand new to this site so any tips/pointers/guidance is helpful!