The monthly fee goes towards common area landscaping as well as  enforcing rules that keeps the neighborhood nice and uniform, lawns mowed and yards weeded, houses painted, trash cans behind gates, cars parked in appropriate spots, etc.When I drive my neighborhoods I never have to worry about a trashed house next to my property, a car parked on the lawn next door, homes in disrepair and in need of paint, etc.The tenants I attract expect their neighbors homes to be just as nice as mine.No downside to HOA’s in my opinion.

I’d be tempted to try and design an attractive feature on that exterior portion.

No matter how good of an operator you are, how good of a marketer you are, and how attractive or creative you can be, if there is a declining demand...the park will struggle. 

The lower cost of living and the landlord friendly environment are attractive to me.

If I’m in the wrong area please let me know I appreciate any guidance I can get.So I’m 25 years old living in NYC and I am very attracted to the idea of real estate investing, specifically the BRRRR strategy.

If I’m in the wrong area please let me know I appreciate any guidance I can get.So I'm 25 years old living in NYC and I am very attracted to the idea of real estate investing, specifically the BRRRR strategy.

Doing a transaction like this for just 1 door wouldn't normally excite me but the potential upside in such a short period of time with very little work makes this much more attractive to me.Am I missing something?

The home was not attractive to the average homeowner from the outside.

With that being said the challenge of being able to force appreciation in MF deals is super attractive.  

Mobile Home Parks/ Senior Retirement Communities/ Modular Housing Communities are an extremely attractive investment opportunity.