I also think he needs another hobby like mission trips, sportscars, or fly fishing but that's my opinion. hahaYou could hire a maintenance/handy man in your market that understands real estate.

Keep in mind, you'll be more hands on with the maintenance aspect of a small mulit, especially with all these turn of the century buildings we have in the area. 

@Jose Antonio Flores Be sure to include CapEx and Vacancies and Repairs and Maintenance in your numbers!

The operator had a legit business, any and all damages, failure to follow community rules and maintenance repairs were out of his pocket.

If maintenance is $3k a year goes up to 25%.Also 3 tenants have been there 3-6 years, 2 tenants 1-2 years, and one brand new tenant.

I would like to know if it's realistic to use 8% for repairs & maintenance , 5% vacancy( hot area in Florida), 8% capital expenditures and 6% management fees ( in house). 

I am sure we have experts on BP who have this same situation and looking for your point of view.Looking for expert advice on potential down the road issues like finding quality tenant, maintenance, costs?

This building has significant deferred maintenance along with mismanagement and tenants that were not screened prior to move in.

This building has significant deferred maintenance along with mismanagement and tenants that were not screened prior to move in.

Older mobile homes (and mobile homes in general) require more maintenance/repairs than a brick and mortar home.