Forgot to get a "before" pic of the bathroom, but here is the final product.

So you would produce a proforma P&L that looks like this:Revenue- Revenue from house- MHP RevenueExpenses- House-only expenses- MHP-only expenses- Communal expensesThen you can figure your cap rate based off the entire property. 

@blaine Moore - I'm a big fan of it, bought it on a Black Friday sale and I've noticed a large improvement in my productivity in the last 2 months.

With institutions entering the industry a few years back, more products have become available to us as lenders, resulting in better products to the borrowers.

Info that is produced for the masses wont include any of that because the answer that you seek are dependent on your situation.

This lender has stopped the particular loan product this buyer was using and I was seeing if I can find someone that can still do this.  

It's taken a lot of cash so I've sold 2 along the way to keep paying for the rehabs.My experience has been that the quality of the product will determine the qualify of tenant you attract. 

Buying the cheapest fixtures/appliances/products.

Those are only issues to people, so if the property is owned by a company the financing options are commercial lenders, which also have good loan products, but currently around 4.5-6% interest for a 25 year loan, while a Conventional loan is around 3%.  

If so, you can refinance out of the FHA product into a conventional, and use FHA again (if you're willing to relocate).