Seeking Mentorship on Acquiring My First RV Park (Financing + Due Diligence)

[Cody B Covert]

Hi BP community,

My name is Cody, and I’m working toward purchasing my first RV park. My wife and I are targeting a park in New Mexico, and I’m currently navigating SBA pre-approval, lender requirements, and early due diligence. Before I move deeper into the process, I’d really value insight from investors who have actually acquired or operated RV parks.

What I’m specifically looking for guidance on:

• How to properly verify financials and seasonality
• Realistic revenue projections for smaller parks
• SBA 7(a) expectations (liquidity, DSCR, post-closing reserves)
• Structuring down payments + potential seller carry
• What infrastructure red flags to look for (utilities, septic, electric, etc.)
• Best practices for due diligence and transition planning

Quick background:

20 years in the Air Force (Production Superintendent, aircraft maintenance) with extensive leadership and operations experience. I now work in IT operations, managing complex technical issues and customer relationships. My goal is to be a hands-on owner-operator and steadily grow from this first park.

I’m open to mentorship, networking, or just a conversation with someone who has gone through the process. If someone offers paid guidance, I’m also open to that as long as it’s grounded in real RV park ownership experience.

If you’ve purchased or run a park and don’t mind sharing some advice, I’d greatly appreciate it.

Thanks in advance — looking forward to learning from this community.

— Cody