My calculations:_________________________________________________________Income:4 Mobile homes X $350 lot rent = $1400/month $1,400 X 12 = $16,8001 2bed/1bath house X $650 rent = $650/month$650 X 12 = $7,800Total Income = $24,600___________________________________________________________Expenses *Estimated:Taxes = $1,750 YrInsurance = $1,500 Yr*Landscaping = $1,200 Yr*Utilities = $850/month = $10,200 Yr*Maintenance = $25/month X 5 units = $125 X 12months = $1,500 Yr *Capita Expenditures = $35/month X 5 units = $175 X 12months = $2,100 YrTotal Expenses = $18,250_________________________________________________________Net Operating Income:Total Income / Total Expenses = Operating Income Percent$18,250 / $24,600 = 0.741 - 0.74 = 0.26 = 2.6%Net Operating Income Ratio = 2.6%______________________________________________________Cap Rate with current asking price:Cape Rate = NOI / Property ValueCap Rate = $6,350 / $260,000 = 0.025Cap Rate = 2.5%___________________________________________________________Cap Rate with $100,000 offer:Cape Rate = NOI / Property ValueCap Rate = $6,350 / $100,000 = 0.0635Cap Rate = 6.4%__________________________________________________________Cap Rate with $60,000 offer:Cape Rate = NOI / Property ValueCap Rate = $6,350 / $60,000 = 0.1058Cap Rate = 10.6%_________________________________________________________Cap Rate with $75,000 offer:Cape Rate = NOI / Property ValueCap Rate = $6,350 / $75,000 = 0.0846Cap Rate = 8.5%

An overview of your current marketing/ lend generation and any other operational practices.

Many of our clients have encountered resistance from financial advisors that do not operate outside of the standard stocks and mutual funds box.

OR a second idea, how about "rent-by-other-means" which I am of course referencing Contract For Deed sale, which is NOT a lease and therefor exempt from rent controls, yet can be written in such a way that operates all but identical to one, I'd argue even better because I can write what ever my heart desires into the terms.

@Dylan DomingueFirst things firstMost 22 unit motels are management intensive as the revenue is too small to afford a top manager or a hotel operator.

That probably doesn't include bad operators, people who paid way too much right before the crash, etc.  

Side Question:I don't want to complicate my primary question with any more variables, but as a secondary, ceteris paribus question.... if the owner lives part time in the STR how does one write off expenses not directly related to STR operation, such as insurance and utilities? 

Curious about this strategy.I have a larger wholesale & flipping operation in Texas.

The proposed ordinance changes by the planning and zoning commission were too strict, and if they were to be adopted I was afraid it would significantly impact our ability to operate as a short term rental.

We have all legal documentation in order including the operating agreement and PPM which was drafted by a licensed attorney.