I am considering making an offer on a small mom and pop and looking at the profit and loss statement they don’t account for a management expense. The owner lives nearby and handles the day to day operations. I would be out of state and would need to pay someone to help manage the park. Do I account for this in figuring out my offer price? Obviously, if I add an extra 7% mgmt. expense it will reduce the offering price. Any help would be much appreciated.