In addition, they are also pushing a "first come first served" policy which requires that landlords grant occupancy to the first qualified applicant.

Cost Approach might not be applicable if the building is older.For SCA appraiser will consider sales of similar size buildings- maybe 5 to 12 units within the neighborhood or city and then make typical adjustments.

What we plan to do is purchase numerous rental properties. 

Hi, I'm from California I wen to the housing development to start my dealers license they told me I have to have  four years college and experience in planning and development, then they will look at my application then qualify me. is there a better way to invest in mobile homes? 

I chose business because I had no idea what I wanted to do in life but knew business was applicable to everything.

They put up all the money to purchase, they put up all the money for repairs, and if you find some massive issue or you just decide you don't want to do it, you can walk away and they're left holding the bag.You will find some "lenders" who say they will do this, and go through some paperwork and then at the end you discover they want "payment insurance" or a ridiculous "application fee" of a couple thousand dollars.

However, the interest you are paying on the borrowed money is an interest expense that does lower your net taxable income.If the $20K loan was from a private loan that will not appear on your credit report, then you should show the loan as a liability on your credit application.  

I do numerous flips and my insurance agent has really reasonable rates that I have not found lower anywhere.

The areas i'm working in are local towns closer to a large city so the rent is high but finding applicants is easy since we are so close to the city.  

Then, you will be looking to get new tenants but maybe all applicants are having trouble keeping good jobs so you are forced to drop your asking rent to get it rented to a good applicant who makes enough money.