@Nathan Lilly If you can get the numbers from the seller on the property, it would help. Also, start making a list of work that needs to be done. Try to get invoices of any work done to the property in the past few years. Talk to the contractors who did the work. They'll be able to give you a better idea of the condition of the park. Good luck!!
Have you done your due diligence? did you check the lote rents on the area?
Check out everything; inspect septic tanks and electrical installation as well as past liens, taxes and permits. Best of luck!
how many unite? This type of turnaround is the hardest type of turnaround you can do. If the trailers are salvageable then they are easy to turn. But you either have to pay in cash or owner has to carry with nothing paid the first year or two as it sounds like the property doesn’t have any income. Also unless you have lots of capital it could be worth it if you can get good terms. All the best of luck. Make sure to pick up at the minimum the due diligence Manuel from frank and Dave.