Need to include the 10% for long term growth.Monthly Taxes:  $338Monthly Insurance:  $90To - Date CMA Price:  $210,000I have a ton of analysis run in my Excel spreadsheet (such as monthly cash flow, cash-on-cash return, cap rates, etc.)  

Building a rapport is difficult by letter. 

I am not familiar with Iowa rental law and how difficult it is to evict.

It is much more difficult in execution.

Exit cap of 7% in year 52, Buying property at about a 9 cap3.

Plus I believe a higher price point and higher quality rental attracts a higher quality tenant--which makes my job easier...supposedly.When all is said and done I should be into the property for ~$162k, and grossing $2150 with a 13.8% cap rate(unless I've calculated it wrong, first timer!)

They became aggressive and difficult.

You also need to understand from your local zoning/planning authority how difficult it would be to split the lot, and if you do, how expensive it will be to connect to utilities etc for any additional mobile homes you try to set up. 

So often we make things more difficult than needed.

However, practically, if you record a memorandum to protect your potential buyer's option it will show on a title search and it may make it more difficult to find a lender who will loan the funds.If your tenant buyer is well qualified they could exercise their option at any time.