Mobile Home Park - Deal Analysis

[Zachary Rubin]

I’m currently looking at a deal with 15 units:

• 10 TOH’s
• 4 POH’s
• 1 vacant space

The one piece of this deal that concerns me is that 8 of the 10 TOH’s are currently owned by the same person/LLC.

A few questions about this:

• What are some common issues I may run into due to this?
• Is this something you would recommend completely avoiding?
• Is there anything I can do from a legal standpoint to mitigate potential risks?