newbie investor anxiously trying to get out of rent and owning property on an over-evaluated city of California

The news is a helpful place to start, once I see a lead like that I like to dig a little deeper and evaluate the prospects for myself, was curious if anyone ever did this and how they went about it.

Does anyone know if there is a better way to evaluate this potential project?

I have the opportunity to purchase 2 mobile home parks and I remember there were some investors here that have experience in evaluating those type of deals.

hello, newbie question: I am evaluating a park with about 40 pads and have question about park manager, currently the park has no onsite manager (managed directly by owner). 

BRRRR doesn't make sense for every situation but if your property increases in value from the time you purchased it, or you can substantially lower your interest rate, then you should evaluate completing the cash-out refinance. 

Of course they all have different things to consider, but the money you make at the end of the year is payment for your knowledge and skill in choosing and evaluating your strategy. 

Did you evaluate on a worst case scenario? 

Hi @Dale Graham,I know this is an expensive market, I'm in Boca Raton, so I feel your pain.I can't advise you on your question, but I would recommend attending Brandon Turner's webinar this Wednesday at 7 PM, he'll talk about evaluating rental properties, this is a live webinar, so you can ask him this question.

The re-evaluation last year had my taxes increase by $800 in one year and I'm sure they will just keep going up.Have you thought about some of the MA towns right over the RI boarder?