$4 million for 54 unit mobile home park at a 6.45% cap rate, anticipated to increase to a 7.04% cap rate within the next year. 

Being in favor of Mobile Home Parks - I know that if I had a million to invest, I would look for a nice quiet senior MHP to invest in!

Whether it is a sfr, apt or a mobile home always strive for a 3bed/2bath or more for what you buy.

They each have $3000 for a down payment but one has a 595 score and the other has a 604.One of the clients already lives in a mobile home park(riverside) and inquired about buying a mobile ($9,999) from the neighbor.

I used to like to stop in and say I am offering financing on mobile homes and, this would usually get me to the owner since financing is hard to come by.

I would be concerned about her not having the phone for the current residence, but I have found that my applicants do not know the phone numbers for the landlord of a previous residence (the one before where they are living when they fill out the app).

I currently own a mobile home park for the past 7 years - have managed/live on site.

I usually buy the liens/certs that are 2 years prior so that I can immediately file the tax deed app (if you file the tax deed app you must pay all past due tax liens) If there is 5 liens at $100.00 a pop then you owe $500 plus tax deed application fee, REMEMBER, I prefer not to get my money back and to acquire the deed so I can sell the property immediately (99% of the time I get the property).

We'll also find advertisers that want to place mobile ads on your website.

2005 and today are MUCH different.It sounds like this will cashflow, however, as a pp stated, don't forget to add insurance costs, (liability and landlord insurance) (sounds like you accounted for that).