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Agreed, that seems high. I owned a 14-pad mobile home park in Puyallup, WA for about 12 years. Honestly, it was a great investment only because we bought it at the right time. They are a special asset class that take some deep knowledge. With the prices, I can see why they are tempting, but, personally (after having owned a park), I would stay away if I were you. Same with condos in my opinion. I think you would be better off getting a small multifamily to start with. Find a partner if you can't do it on your own. I'm in the Seattle area (Lynnwood) if you'd like to sit down and chat more about it.