The fact that the building already exists and was historically used as a workshop helps from a use/history standpoint, but converting it into a separate rental unit is usually where things get tricky.

The more I dig in, the more I realize how much nuance there is in this asset class — and how little high‑quality information exists compared to multifamily, self‑storage, or MHPs.I’ve learned a lot from operators who are willing to share what’s worked (and what hasn’t), and I’d love to connect with more people who are actively running parks, developing them, or expanding portfolios.If you’re an RV park owner, operator, or someone who’s built one from scratch, I’d appreciate the chance to compare notes.

Over the past few years, I’ve been intentionally studying real estate through books, podcasts, and hands-on learning, and I’m committed to building a solid foundation before scaling.I currently own one rental property, which has helped me gain practical experience with ownership, tenants, and cash flow.

You’re spreading revenue across nightly, weekly, monthly, and seasonal stays — plus cabins, glamping, and ancillary income.That’s why I’ve committed to this space.I’m developing a phased campground now, and the more I build, the more I see how much opportunity exists for people who understand both the real estate and the operational side.I’m curious to hear from others who’ve been in this world:If you’ve owned, operated, or invested in campgrounds or RV parks —what ended up being the real driver of returns for you?

@Greg SaiaTotally agree, the risk that worries me isn’t the stuff you can quantify, it’s the discretionary space that widens once you’re committed and can’t reshape the deal anymore.

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

Before committing, I’d focus on the underlying performance of the portfolio and whether the additional capital addresses a clear path to value creation or is just covering shortfalls.

For example, my colleague bought a great duplex in Ohio with an existing tenant....and they turned out to be completely unsuitable, doing considerable property damage before finally being evicted.

Just a comment geared toward newer private lenders...you can't commit funds to a project unless you're truly ready to follow through.

I’m deliberately early in the process and want to pressure-test assumptions before committing capital or geography.If you’re actively developing, operating, or investing at this scale and are willing to share perspective—publicly here or privately—I’d appreciate the insight.