With the amount of work this needs I dont think I'll clear the 50% rule.

With the location on the edge of an improving and re-developing downtown, does that increase the value of these proposed new homes despite the existing ones?

That is how you can end up going from $650 to $2k.The maps for NOLA and the area were recently updated to reflect all the Post Katrina improvements, so right now, the rates are really about as low as they ever have been. 

I'm hoping any or all of you would be willing to share details of the MHP deals you've done so we can all learn from each other...Anyone willing please share as much detail as possible such as number of units, #of park owned homes, purchase price, lot rents, loan structure, infrastructure, capital improvements needed, value adds etc...mistakes made, hindsight lessons etc...

I know an investment property mortgage tends to have a higher rate than a primary residence, but is there some other rule I don’t know about with cash-out refis on investment properties that pushes the rates even higher?

For my own investing I like to Use the 1% rule. 

This prevented us from over improving for a place that "we were" living in vs a rental.

My VA-purchased 4-plex still hit all the magical rules of thumb, as well as checking out in reality upon further analysis. 

I have read posts and listened to the podcasts and they discuss the 1% rule which I understand is a rule of thumb.

Some people swear by it, some people won't touch a property unless the 2% rule applies.