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What criteria do you look at for mobile home parks
I'm looking at buying a mobile home park. its on about 20 acres. Has 13 current MH on it. Current owner already has county approval to add 10 more spaces.
Current MH are on own septic and water, however public sewer has just come available in the area.
All 13 homes currently rented and brings in aprox $100k yearly income.
What would be the next steps for me to take in doing due diligence on this property?
What questions should I be asking?
What is a good price per home or for the whole park?