First Mobile Home Park Purchase

[Trigun Soni]

I've got a deal I'm working for a mobile home park and am not very familiar with the vetting process or if it's a good deal. I was curious as to whether you have experience with these in Texas. I recently got it under contract so am still in the option period. It looks good from a high level: Cap rate of 20% 6 units, tenant outlook (there seems to be a waiting list for the property). It's in a small town (around 750 people).

The seller accepted my first counter offer without trying to negotiate up.

Thanks in advance!