I recentlly did a model on a condo project in Tampa. 40 percent of the adjusted basis was the amount to bring the HOA above water with reserves and such.If the association is toast, walk awayMost countys will not let you uncondo the properties back into apartment buildings.

The land is valued at 19k and has about 4k in improvements (septic, electric, driveway base, partially fenced) The trailer needs about 4-5 in upgrades- but is in pretty good condition (Model year 2000) My thoughts: Offer 25k and see what happens...

Purchase Price:220,000 (205 pp plus 15 improvements)Down Payment:55,000Interest Rate on Loan:5.75Term of Loan:20Scheduled Annual Gross Income:66,000Vacancy/Collection losses:8.00(Annual Operating Expenses) --------- Property taxes :4,400 Insurance:3,000 Electricity:1,080 Gas:0 Oil:17,000 (6,000 gallons @ just under $3 per gallon) Water:1,320 Trash:780 Management:4,858 Repairs/Maintenance:9,108Cap Impr.15,000monthly PI 1,158using this model, expenses are 68% vs. 50% -- cash flow after everything is $5,273 or 39.95 per door per month -- worth doing??

Originally posted by MikeOH:you'll see that people can't even agree on simple definitions, let alone a step by step guide to investing.I think you will find that the successful and expereinced investors can and do agree on meanings of terms, however, business models is a whole different ball game.

I'd be careful about trying to get others to come in and fill the park - I've known park owners who have depended on that model and struggled.

Oh, and with regard to your comment about Japan, I'd take the Japanese model in a heart beat.

I recently bought a brand new central heating furnace online for less then $600.00 including free delivery, so you better shop around.

:cool: A view at the numbers…Democrat Health “Reform†By the NumbersJuly 20, 2009—UPDATEDHere is a compiled a list of important numbers relevant to the House Democrats’ 1,018-page “America’s Affordable Health Choices Act:â€114 million—Number of individuals who could lose their current coverage under the bill, according to non-partisan actuaries at the Lewin Group4.7 million—Number of jobs that could be lost as a result of taxes on businesses that cannot afford to provide health insurance coverage, according to a model developed by Council of Economic Advisors Chair Christina Romer$818 billion—Total new taxes on individuals who cannot afford health coverage, and employers who cannot afford to provide coverage that meet federal bureaucrats’ standards$1.28 trillion—New federal spending in the next ten years, according to a Congressional Budget Office score of selected elements of the bill.6%—Percentage of all that new spending occurring in the bill’s first three years—representing a debt and tax “time bomb†in the program’s later years that will explode for future generations$88,200—Definition of “low-income†family of four for purposes of health insurance subsidies33—Entitlement programs the bill creates, expands, or extends—an increase from an earlier draft53—Additional offices, bureaus, commissions, programs, and bureaucracies the bill creates over and above the entitlement expansions—also an increase from the discussion draft1,683—Uses of the word “shall,†representing new duties for bureaucrats and mandates on individuals, businesses, and States—and an increase of 306 mandates from the discussion draft$10 billion—Minimum loss sustained by taxpayers every year due to Medicare fraud; the government-run health plan does not reform the ineffective anti-fraud statutes and procedures that have kept Medicare on the Government Accountability Office’s list of high-risk programs for two decadesZero—Prohibitions on government programs like Medicare and Medicaid from using cost-effectiveness research to impose delays to or denials for access to life-saving treatments2017—Year Medicare Hospital Insurance Trust Fund will be exhausted—a date unchanged by the bill, which re-directs savings from Medicare to fund new entitlements for younger Americans$2,500—Promised savings for each American family from health reform, according to then-Senator Obama’s campaign pledge—savings which the Congressional Budget Office has confirmed will not materialize, as the bill will not slow the growth of health care costs

- condition of home- does your home need any work - what is the age of the furnace/hotwater/plumbing/windows/roof/kitchen etc.....When calling families I would find out all you can.But as Valerie said - you may want to network with other buyers and give them leads and they can do the same to you or you can have multiple exit strategies so most homes will fit one model or another.

." -- I think that "discounted cash flow" model comes into play here, but I'm not sure how to use that ....