Updated almost 7 years ago on . Most recent reply
First Mobile Home park
I have my first Mobile Home Park under contract and I am nervous as heck. It is a small 4-home park with septic and well for each home. The homes are all owned by the park and there is space enough for 4 more homes, but new septic and well would need to be placed. I am excited to get started, but I am nervous about owning the homes. They are in very good condition, all on brick foundations and considered "real property" but the A/C units are approaching 12 years old. Should I pass on this park and wait for one to come along with tenant-owned homes?