Hi Benton, Welcome to the community!

The property I'm looking at is also conveniently located near a college campus, which I believe could be an attractive factor for potential renters.I’m reaching out to this community for insights and advice on a few key points:1.

Care to share!?

All three plumbers disagree.The condo community is maybe 17-20 years old. 

Hey @Shawn P Kontrec, welcome to the BP community!

Hi everyone,There are couple of ways to value the price of land in depreciation, such as the 80/20 (20% to land) and Using Property Tax assessor's values, or getting an assessment of recently sold lots in the area.I was discussing this with one of the CPAs, and he shared that if the cost of building the house is more than the purchase price, then the land is essentially of no value. 

I’m just cruising through the site, I posted earlier today for some advice as well I haven’t gotten any responses yet but I’m amazed of the support in this community I truly appreciate the valuable feedback from everyone’s experience in the field. 

Hey BP Community!! 

I have been amazed by how much community owners will ask for parks that are posted for sale.We had a community for sale in Orem Utah, about 200 spaces asking $40,000,000.It is not unusual to see Parks that are right in the middle of the city asking $100,000 per space but that would mean CAP rates are down to the sub 5's.

We are wondering how we could best maximize our return on the property- either by partnering with a developer to eventually share returns or hiring a developer/general contractor/house builder ourselves and managing the project ourselves.