Constantly looking for the right deal.

Constantly looking for the right deal.

Investors constantly complain about poor PM work but yet they do not want to do the job themselves.

Lower tenant turnoverLower capital costsLower operating expense loads relative to other RE asset classesAccelerated DepreciationStrong demand via continue economic pressure on the middle / lower class + boomer retirement with insufficient savings Higher cap rates relative to multifamily assets of comparable qualityA few differences of 55+ vs family parks:Smaller customer base (perhaps not true in Florida)Higher operating costs due to increased amenities (clubhouse, pool, shuffleboard, gym, RV Storage, etc.).More organized tenant base with more time - might push for rent control Far fewer bad tenant problems - likely fewer collection / eviction issues Likely easier to finance as there are typically fewer park owned homes and the communities are more visually appealingLower going cap rates so one could argue higher risk, but lower exit cap rates so if you can dramtically improve the parks operations, you'll make a higher multiple for every marginal dollar of improved NOI. 

This will be my first foray into buying an investment property, sight unseen (**bites nails**), based purely on the numbers and my faith that @James Wise will be the phenomenal property manager I hope he can be.No pressure James ... :)My hope is that in a few months, if all goes well, I'll be sharing my success story here and then thinking about how to scale out.

I would evict.Can't keep a tenant based on constant lies and deception.

Through constant Google searches on various topics, I stumbled onto Bigger Pockets and have been hooked since.

Jackson Ward I know is a bit trendy for investors, but I do like the idea of constant stream of students and the appreciation is almost guaranteed (although I am in the camp of relying on appreciation is speculation).

Although, I will I say I had a ton of input, as the original design team rents office space from me, so I bother them constantly :) @Karen Margrave , Thanks for the compliments!

Here is a picture of the list, hes saying we owe him 653.75 in 2 weeks.Now some aditional info, i never got to see a copy of my move inr eport, ive requested it from him, and his property manager CONSTANTLY broke the law, did not say he was coming over, showed the house without my consent, had landscapers and painters in the house before we moved out and BEFORE A WALKTHROUGH. i told him i could do a wlakthrough on saturday or sunday, then all a sudden he couldnt do it, was the only days i could do it and he REFUSED to do it, i told him i will be there sunday at 5pm, and you need to be here for the walkthrough, he never showed, he said because the painters were not done and they were.