Mobile Home Park Help
7 Unit mobile home Park asking price of $ 240,000
I would self manage and there are no park owned homes
Lot rent is $300 a month $2,100 total monthly
Property taxes are $1,300 a year
Insurance is $500 for liability on land
Electric for well and septic pump house are $50 a month.
Well and septic are in park.
Loan terms are owner financing at 4% fixed 30 year amt, 15 year balloon
Retiring couple wants to move to Florida and just have passive income...
Is there room in this for me to win???