When I went to the MHU event in 11/2005 I remember being told by Steve Case that the 60/30 rule was meant to be a Rule Of Thumb not a rule cast in stone. Come on we all know Real Estate is a regional game and very much site specific. I have said it before - one shoe doesnt fit all. I personally used the 60/30 Rule in helping me get started in my analysis of MHCs. Did I use the ultimate number that the 60/30 rule calculated. NO. I refined the ultimate purchase price of the property I put under contract in accordance to the local market. I have seen on the MHPS site that Frank and Dave suggest maybe 60/0 or 70/10 or whatever. The bottom line is you have to do some work here and know what your market is and what you are buying.
I tried to and have learned from all no matter what site people own or post on. It has been the most profitable and free education I have ever gotten.
Oh by the way I just finished paying ($150K) for my daughters law school education. I wonder what 60/30 60/0 70/10 rule she can apply with a $75K a year JOB.
God I love free education Thank You MHU and MHPS
Best to you Rick Ewens