First Mobile Home Park

[Ray Rhoads]

I am talking to an owner that will owner finance 100% of a small 20 unit MHP, that also has 3 commercial buildings(one is leased).

Problems:

16 MH sites occupied and PARK-OWNED. From everything I’ve read it seems wise to see if I can get the tenants To own these homes through rent to to own or gifting.

The sellers business would then be way different than mine and therefore value the different differently right? This park has been on the market for over a year.

How would I go about valuing this property while also understand he is going to finance the whole thing for me.

Thanks for any help!