Curious about Mobile Home & RV Park Development
I've been a BP fan for years but I've never leveraged the resources of this great community. So here goes... (Point me in the right direction if I've posted in the wrong section or if there's existing threads on this.)
Can someone with experience with mobile home or RV park development process elaborate and add to my beginners assumptions below?
Find land - does the land need to be zoned for RV/Multi family dwellings? If it isn't already, is that a straightforward process?
Secure Lending - I assume there's numerous types of loans, but is there anything unique to RV parks or mobile homes?
Permits/Licenses - Guessing this can vary drastically by state, but what's common?
Develop - Utilities, roads, Lots, Mobile Homes... this is an area I'm completely uneducated on, are there major construction considerations?
Market - Getting tenants
Manage - Who's responsible for upkeep? Do tenants typically own their homes, does the park owner own them?
I have a feeling it may be more feasible to buy an existing property vs developing, but I'd love to hear your thoughts.
Many thanks in advance!