I have virtually zero debt-to-income and have opted to continue renting and invest in rental properties instead of buying my own home.

Also, don't forget, on a buy and hold I am also getting a return on the principle pay-down (which my tenant is paying), and will be able to claim a tax deduction for the net operating loss from the depreciation.

That being said, there are several other niche factors in operations and valuation for multifamily vs MHP, but MHP have less supply in solid markets which is makes the ability to scale much more difficult. 

I don't operate with even a hint of impropriety.

Reason is, for small operations, you'll need a personal guaranty anyway.Just beware of small business owners living and sleeping at your office condo, especially small one person businesses.

I also know a handful of small operators that do well, 1-3 deals per month, but it took them a bit to get there. 

BP,Very interested in investing in MHP space, listened to all the podcasts, etc but don’t have the confidence to make the jump to making an offer unless I can partner with an experienced operator.

Hello KenIf you have a Windows operating system, you can use the Snipping Tool.If you have a Mac:1] https://support.apple.com/en-us/HT2013612] Command+Shift-4CheersRobert

@Erin NewtonI understand this was a quick calculation but don't forget to account for the other operating expenses, utilities, capital expenditures etc.

Current owner has been operating it this way for 7 years so he is lucky to have gotten this far without any issues.