Well is time for me to start negotiating with a seller who has supplied me with all the appropriate tax returns and rent roll. Yes a 10% cap plus a debt ratio above 1.30, but?
This park is located in the western part of Oklahoma, tornado alley. God forbid, what expenses would incur for me if a tornado would hit the park? Of course, if I owned some of the homes, these homes would be covered, but other issues that I might come across that I cannot think of. Any idea, anyone?
Everyone in this forum are so positive, I hate bringing up negative thoughts.