This will give you an advantage when negotiating and also will open more doors for you in terms of property condition if you are looking for a house with a value add element. 

In the smaller multifamily world, I like to think in terms of tenant quality.

@Blaine Alger is giving you great advice in terms of lenders. 

This is your starting point for when you go to analyze it in terms of your ability to undertake it. 

I currently use quickbooks online, but it doesn't do well in terms of separating out stats for each individual property.

Let's assume that the RTO just began and they have all 24 months left in their payment schedule.RTO Contract: - Deposit: $3,000- PMT = $500/month- Term = 24 MonthsPark Financials:- Income = ($200 * 10 * 12) = $24,000- Expenses = ($24,000 * 0.25) = $6,000- NOI = $18,000- Cap rate = 10%- Total Value = $180,000If you are buying this park between the time that the RTO paid their deposit and the time that they make their first PMT (resident has 24 months left in term w/ remaining balance of $12,000), how do you adjust the total value/purchase price for the RTO contract?

I agree that Co Ops aren't the most desirable option due to the fees and ownership restrictions, so those would be at the bottom of my list in terms of what type of home to invest into.

Overall turnover has been lower than normal this year which has made up for the lack of rent increases in terms of overall profit, on my portfolio at least that has been the case.

I don't screen for income specifically in terms of a multiple but I do request pay stubs to give me an idea of the full picture of the person.Good luck!

This will depend on the type of loan and it very well might be quicker but you have to go through multiple approvals... lender, services, etc. and it’s usually not the quickest of processes.Not much different in terms of terms.