If inventory is rising and prices are dropping you'd want to try and find sellers that aren't trying to squeeze out every last dollar.

If that's the case cap could drop upon renewal.

So I would expect that the taxes would drop significantly upon purchase.

. :)That was definitely the craziest drop i've ever seen.

I am developing a theory that you don't need as high a cap rate in A neighborhoods to cash flow because it seems tenant and maintenance related costs are lower.With that said, for my next deal I think I'm going to try dropping my neighborhood standards a bit (C+ maybe?)

Are the power drops for the Mobile Homes the old kind with only 50 amps or 100 amp drops?    

We list all our Fannie Mae properties on Cape & Islands and PIN.

I am still to conservative to do one here in PDX  we just don't have the market for it.. it drops off drastically after 1.5 and really it drops off at 750k.I did buy a big home in 04 from Jerome Kersey the B ball player it was 10k sq feet on the Willamette river.. it was moth balled and sat stagnate for 2 years.

We are dropping 1500 notices a month.

The payments are dropped to 31 percent or lower of their gross income but at the end of the predetermined term, a large sum is expected.