Now that the holidays are over, we are seeing stronger applicants.

The supply in my county is 2 months and the real deals are drying up fast. 

Local markets supply/demand can make modulars a very lucrative long term investment. 

It appears that we may be reaching the peak of expansion and flirting with over supply. 

You can specify how much of a difference you would cover as well if you have a limited supply of funds.

@Paul Georgia You may want to check with your local mobile home supply store.

As new applications come in, at least do the initial scoring to see if any are stronger than the ones you are working.  

Supply is low and sellers are always willing to sell higher and higher which snowballs fast.

As a student of economics, I know interest rates are super low, and prices are surging as supply is low of listings.

@Reggie Desir it’s really related to the risk and your desire to invest vs. the supply; if you set your cap rate minimum too high you’ll never find something to invest in, in this market.For an “A” area these days I feel 5% is a good rate to aim for, but plenty of people are buying in those areas at much lower rates so if you’re looking there you may need to go lower as well.For a “B” area I currently like a 6% minimum cap rate and for a “C” area I like 7 or 8% depending on how bad the area is.It also depends on the property, for example a property requiring a substantial rehab is going to need a higher rate even when stabilized just to compensate for the additional risk of the rehab.Conversely, for a property that is turnkey and ready to go on day 1, I might be willing to except a lower cap rate - especially if it’s a newer property without a lot of deferred maintenance.