Starting a small Mobile Home park
I have 4 acres in Walker county, Alabama, outside of any city, just "in the county". I'm considering packing it tight with MH lots and renting them out like a MH park. (What's the difference between a MH Park and a just bunch of MH lots together, I don't know)
Around this county, MH lots are gravel and a concrete pad is nigh unheard of.
There are currently other new MH parks starting up in Walker county.
I'm just curious as to the pitfalls of starting a "park" (or just a bunch of MH lots with power and water with meters) on my 4 acres.
Obviously, I'll have to pay for the following:
- any leveling of land, which is mostly level already
- gravel drives from road and for lots
- water run and metered to lots
- electricity run and metered to lots
- septic systems for each lot
Any input like "DON'T DO IT! 4 ACRES IS TOO SMALL!" or otherwise?
Thank you very much for the information.