Believe you me, this guy is worth his weight in gold.

Talk with people you trust, understand how much they know, weight their advice accordingly and make your own decision.

Do you think that in 20 years you won't have a boat load of equity and net worth?

It’s like losing weight.

And they can also be used to negotiate the sale price down after inspection.THIS is why having a local experienced realtor is worth it's weight in gold- or at least 2.5%.

That book alone turned me on to rental property investing and it is worth its weight in gold to me.

Those are some pretty loaded questions.

If they are highly dependent on one or even 2 to carry the load, your risk is much higher.Maybe CO is different than TX, but my TX lease says they are all in or all out.

For example, take the income for the lot rent only portion of the whole park - 12 homes x $230 lot rent x 12 months - $33,120Apply a 40% expense load to that - $13,248Gives you a Net Operating Income - $19,872If your evaluating the park purely on the lot rental income (which is really how you want to buy them) then it would be roughly a $200,000 purchase price based on a 10% cap rate.Now since you have 5 park owned homes, you want to look at what the true market value of those homes are worth as if you were buying them from someone.

Very cool and loaded with history.