Hey guys,I am currently in the process of closing a mobile home park with 11 lots. 

Appraisal came back "as is" and issue free, documenting the room as "[the room] was once a bath room.

. $804.03 PITI $41.67 Sewer bill $146.50 Property Management (self) $146.50 Cap Ex $73.25 Vacancy Rate+$58.60 Utility/Misc$1,270.55- NOI-$1,465- monthly rent$194.45 Net Profit Income per month x 12 months = $2,333.40 Annual Net Profit IncomeTotal Deal Appreciation: $14,000- (38.25%) ARV was $101,000 Depreciation: $2,345.45- (6.3%) Amortization: $984.58- (2.68%) 1st year loan pay down Cash Flow: $2,333.40- (6.64%)*Property Management: $1,758- (5%) I self managehad script issues with bp website, could not rotate pics.     

My issue is that I cant find properties in my area that are affordable and my 40k is not going to be enough for down payment etc.

You may consider putting some sort of put/call options into the partnership agreement to prevent any issues from arising should you differ on strategy down the road.

I am a new investor and these are some of the issues that I have contemplated as I develop my overall plan. 

The issue pertains to properties that you acquire and then sell.

I have virtually no issues with my tenants.

Flip houses, have some single family home and small multi family rentals, and looking at buying a mobile home park.If you have any interest in the mobile home park space or any knowledge of it, let me know and maybe we can get together and I can share what I've learned.Jon

Hello BPWe are in need of a handyman to take of small general maintenance issues.