For what it's worth, I've made a choice to keep my S8 revenue under 20% of my total revenue.

Do you have a trusted association, one who's totally unrelated to this transaction, who can go check out this area and the property?

I've not thought about packing the trailers so tightly, but I guess it would be 0.1 acres per trailer which would be similar to a zero lot line for a stick built - so not unreasonable.

They have packed up from what they feel is an overheated market and taken their money to much larger buildings outside the city center.

Totally forgot to figure in a manager's and bookkeeper's fee!

My question is, when I present the contract to the seller do I make the purchase price of the property the amount that the seller wants 5k, or the total amount with the 19k in taxes plus the estimated rehab amount plus my fee added to the amount the seller asks for?

The roof is totally gone now and the second floor is exposed to the elements.

He probably has a few connections he trusts... and he should be able to vouch for you as a customer (yearly work, total scope, pay on time, etc).Of course that also tells him you're looking past him for when he kicks the can so you'll have to figure out how to phrase that...

My scale could be totally inappropriate for your area.)

Totally serious, as the small community of families I raised children with here in CA now has 3 young adults in Austin. 70K for safe, entry level housing is enticing to CA and NYC parents, trust me (I've been both).