I paid 1.7 mil cash for it.. ( there is no financing for this unless your a timber company and have a mill)the lots paid for the remaining 600 acres took 5 years to sell them all off.. the timber was 27 to 40 years old  50 to 60 is about as young as you can harvest in this growing site.WE did have two stands that we logged and brought in maybe 100k net.. sold to Stimson for 2.9 million cash of course.. now the 600 acres in the next 20 years will produce about  30 to 40 MBF  ( thousand board feet) to the acre  ( this because it was strategically replanted back on the second harvest  .... this will be the third harvest since colonization of Oregon..  

I would only value a park based upon currently occupied lots that are producing income.

After that my properties are no longer producing tax passive losses.  

Produce a PnL for the LLC and read it wearing a lender's hat - - how would any lender view this entity?

Hi Robert,I have lived in Thousand Oaks the past 10 years, and purchased an income producing property here a few years back.

I've done some research into the content and publishing of some of these training programs and find that many of them were produced either toward the end or after the RE market crash.

Not yet at least.   100 mail pieces, every 2 weeks, to the same addresses should produce some calls.  

But I've lived in 5 different apartments/homes in the area (mere blocks away) over the past 10 years, and from personal experience, having friends in the neighborhood (literally 2 blocks away), and researching current rents... 70% of market seems like a very conservative estimate for what these units are producing.

(although I have 2 that are 2 yrs old)The lenders I've spoken said they need to see 1 year of P&L on all these rentals - as I would need to fully qualify on the passive income they produce... before I can qualify to do a "cash out refinance" on any of the properties.Does this sound about right to everyone?

@Abel Teklu Same Eddie Speed...he is based in Dallas area last I knew.I found one .pdf he produced... http://noteschool.com/wp-content/uploads/2015/04/Making-Money-From-The-Meltdown.pdf@Abel Teklu