The MHP business is very complex.  

Be sure to look closely at recent sales in the same complex when determining your ARV.

:-PMy wife and I looked at the apartment complex and were a bit disappointed... but that could work to our benefit. 

You can rent out rooms though, if you're up for that.When it comes to purchasing an appropriately zoned apartment complex, you'll find that the minimum down on it is going to about 15% through a traditional lending institution, so keep that in mind.If you're thinking about trying to include your current home as rental income during the loan application, most banks will require a two year rental track record before allowing it to be considered income.

My problem is that I have a large complex and I don't want word getting around that tenants can avoid paying the RUBS without recourse.  

Mind me asking what Condo complex this is or where it is? 

I am also interested in pursuing a 8 unit apartment complex that just came back on the market.

What I want to discuss here is a beginning primer on how all banks are not the same.Banking is a complex industry and it takes years to really understand it, even if you work in banking.When funding a project there are multiple phases of the projects lifespan.

I have completed renovations on houses, condominiums, apartments and even restaurants.  

Daytona is investing millions of dollars into the infrastructure due to the amount of growth and commerce coming to the area. http://www.onedaytona.com/ Also, Hard Rock is building a new complex right on the beach.