Does anyone know if there is a better way to evaluate this potential project?

I have the opportunity to purchase 2 mobile home parks and I remember there were some investors here that have experience in evaluating those type of deals.

hello, newbie question: I am evaluating a park with about 40 pads and have question about park manager, currently the park has no onsite manager (managed directly by owner). 

BRRRR doesn't make sense for every situation but if your property increases in value from the time you purchased it, or you can substantially lower your interest rate, then you should evaluate completing the cash-out refinance. 

Of course they all have different things to consider, but the money you make at the end of the year is payment for your knowledge and skill in choosing and evaluating your strategy. 

Did you evaluate on a worst case scenario? 

Hi @Dale Graham,I know this is an expensive market, I'm in Boca Raton, so I feel your pain.I can't advise you on your question, but I would recommend attending Brandon Turner's webinar this Wednesday at 7 PM, he'll talk about evaluating rental properties, this is a live webinar, so you can ask him this question.

The re-evaluation last year had my taxes increase by $800 in one year and I'm sure they will just keep going up.Have you thought about some of the MA towns right over the RI boarder?

@Robert EyersI have lived and invested in the Bay Area for north of 20 years so I cannot relate to financial benefits of moving to Austin but I recall as a youngster just starting out l did evaluate a move Dallas because it was a lot cheaper to live there.

Do get a fresh set of eyes you can trust to evaluate the property.