Please initial your choice and return to us no later than ________.1.

There are two basic problems with the numbers you provided: 1) you can only use the lot rent income in your calculations and 2) the expense ration on a park of this size is closer to 50% and would NEVER be 15% (not even close).The formula of value for this park would be (9 x lot rent) + (single family home rent) x 12 x .5 = NOI.You would then cap the real property income at around 10% (it's your choice but small deals require higher cap rates) and then add the value of the POH if sold for cash (maybe $5,000 each on the 1980s and around $10,000 each on the 1990 and newer homes).

Another reason why Fannie debt is a good choice.

The built in wireless will require more frequent battery replacement but there are no 'moving parts' between the lock and the wireless hub.I'm not being critical of your choice, just trying to learn. 

You want someone that can help you strategize and who is responsive when you want to know the tax consequences of the decisions you are making throughout the year.Good luck and let me know if you have any questions.

@Yolanda W CuevasYour choice of the first couple makes the most sense to me and I would stick with it.

Out of your original choices (Chilliwack, Nanaimo and Prince George), I personally would prefer Chilliwack given ease of access from Vancouver and the lifestyle opportunities it presents.

However if that is not true and you have a choice I would pick best qualified who has the earliest move in date regardless of what they say about length of tenancy.

In addition even crazy people have choices and can opt out of care.

Now, if that's the ONLY choice I have as an investor...ok, then that's what we do.