One thing I'd add: once you narrow down to 3-4 markets using your framework, test them with actual deal flow before committing.

A few people touring, but not commiting.

I am an appraiser here in BC but I have found that the AMCs have made it virtually impossible to succeed financially in the field which means it cannot be a full time commitment, namely in BC where I currently live.

Part of the challenge is also that I don’t fully know what I don’t know yet — especially around execution risk, sequencing, and the small but important details that only show up once you’re actually running a deal yourself.The capital side is the biggest gap — not just raising money, but understanding timing, how to secure real commitments without over-promising, and how to avoid bidding on deals without capital certainty.

One thing that’s helped in similar deals is clearly breaking out lot rent vs. note payments in the T-12 and showing how the park performs on lot rent alone.Are you talking with lenders who specialize in MHPs, or more general commercial lenders so far? 

For $27.5k out of pocket, that's solid if the numbers hold.A few questions worth asking before you commit: Does the seller have any other VA entitlement tied up here, or will they regain it when you take over the payments?

Spend time understanding how deals actually work in practice - cash flow, financing, taxes, and exit strategy - before committing capital.

Laundry, RUBS, parking, storage, and pet rent are generally viewed as bankable if they show up consistently on the T-12 and align with the rent roll.

Let a local manager and inspector be your proxy on the ground before you emotionally commit.

You win because of what you committed to when results weren’t immediate.