-15 Mobile homes all on individual lots and fully rented- Sewer/Water by the city and metered to the tenant- Rent for $450 each- Average lots in the area rent for $175 and homes this size $475- All 15 homes are located on the same road next to one another- 2.3 miles to walmart and city population of 61kQuestion:  Since these aren't in a "park" would you still value them the same way?

While Zillow can be almost humorous on individual properties, I think their is some merit in their numbers overall. 

This is where I personally would rather put my $, but I don' tell anybody what to do with theirs, as it's all up to the individual and what makes sense to them?

Luckily there are sites like Nickel Steamroller, Lendvious and PeerCube that have built systems for an individual to also invest parametrically.

Thanks for all the reply, I know the best way to get the best answer is to ask a CPA but the one I talked to have no answer for me - she only told me "depends on the just situation".To clarify a few things to make my point/question clear. 1) This is all done by a Corporation - NOT as a person/individual.

Going through 200+ rehabs a year will certainly teach you a thing or two.Call some, and see if they need inspectors, or draw administration help.I am getting paid to look at a ton of rehabs in Chicago.  

I have a database of circa 450 names in excel and want to mail merge them into letters but don't obviously want to have to print all of them out individually and do the envelopes etc. manually.Thanks in advance

Works great and makes it dead simple to share individual leads with partners or buyers.

I look forward to interacting and networking with as many like minded individuals and wish you all the greatest amount of success and happiness in all of your personal lives and businesses.

It will teach you about just how much work goes into having a property of your own.