I do understand that they don't want to pass out a lease they basically paid for that could end up being used in that community, but it also tells me they are pretty locked up in thier thinking, probably due to thier attorney.I'd say reviewing the lease prior to hiring them would be more than reasonable and you should be able to add any addendum you like, so long as it doesn't violate local law or custom and it doesn't make thier job leasing more difficult.It also tells me that in the event any issue pops up, this PM may lack experience in dealing from a managerial standpoint attempting to follow strict guidelines, doesn't sound like they might be ver flexible, even if common sence should prevail.Could be too you need to do some more stroking, making the PM more comfortable with your requirements.PMs need to understand they represent you, you drive the bus and they oversee your directions.

I evaluated the deal looking at comps in the area (hard to come by), the 50% rule, the 2% rule, and common sense based on my personal situation, knowledge, and availability.

Carl Schmitt,That is one of the common reasons investors trade up to avoid the limitations on financing.

I'll check with some lenders - but based on my research on the internet - it seems everything is up to the appraiser to deem it as a accessory unit vs. an accessory dwelling vs. a second unit (i seems it might depend on whether there are separate utilities)FWIW: I checked with the town and the apt has a CO - can I assume that it is indeed a legally inhabitable and rentable apt?

If all else fails, you could consider utilizing a skip trace service such as TLO.com or accurintOnce you have their information, reach and out touch them with a marketing piece or phone call.

What are the most common reasons average, non-investor folks would have their home owned by a trust?

The two most common scenarios are:1.

Even if you go to 55% expenses due to the utilities being included, NOI of 12,960.

I also utilized other free resources such as the local library, blogs, and free online classes.

The land of a vacant mobile home pad is worth $0.The 60x (off city utilities) and 70x (on city utilities) multipliers of monthly rent are correct.The correct way to value a MHP is the lot rent multiple, plus the FMV for the individual mobile homes (not a multiple of their rent). 1970s 'beater' MHs might be worth $1,000 - $2,000. 2000-and-newer MHs might be worth $20,000 - $25,000.