2 options; is this a good deal
First purchase option:
2.4 million includes 3 new park owned homes that has oceans and sunset views which they rent month to month for roughly 1k each.
Second option
1.8 million and they will sell the 3 park owned homes themselves.
Usually, I wouldn't want to own any of the homes, just the land but this time I'm interested in turning several of the 27 lots into a tiny home vacation rental.
27 spots
Average space rent of $500
$174,808 total gross income from 2016 tax return
Utilities not reimburses $7616
Commission 9%. $15,355
Insurance $3,503
Tax $1,565
Repairs $3,535
Permits $1,369
Garden/Cleaning $4,732
Total expense: $37,675
Coastal California city that is extremely popular vacation destination. 1 acre ocean view. City water and sewer. Paved
Is this a good deal?