Check out Behavioral Economics, which is a new idea (last 30 years) on how our biases and minds tend to form the way we approach markets.

I like the DC area because of the economic stabilty and I crunching numbers a lot to figure out what will be the best deal using areas in the DMV in which I know the rental market.  

Hey my partners and I are looking to invest in Essex county and we have particular strategies for different economic areas and so we are focusing in going into Irvington, Newark, east/west orange and we were wondering if anyone is aware of any specific war zones  to be wary of here. to be clear we want the low-income to moderate income neighborhoods we just don't want the complete war zones.

Diverse economic markets are also attractive because they are insulated from volatility from a single industry.

When the tide recedes for this economic period, you'll see who is over leveraged and those in a good financial position will pick up a few more good deals just like your real estate purchases in 2008 and 2012.

Robert LiveroIf this park is in a good area with strong economic indicators, and the 300-375 estimate is what the home + lot rent is priced at, then I would definitely seriously consider paying full price for the property.

Also keep in mind that in Florida that if your mobile home Park has more than 50% tenant owned homes there are some very powerful laws favoring the tenants in the state.Many large operators won't buy there because of this, or a very gun shy about it unless the economics for a specific deal are ludicrous.

Get ready for your economic vacancy to be very high with skips, evictions, etc.  

Lucy:Acceptable would be zero.However, in your analysis of a property, delinquency and evictions are typically captured in your economic vacancy allowance.   

Not saying any of these changes would make the deal doable, but see if there are a other ways to improve your economics.