You can’t buy individual pads unless they’re separate parcelsFor you to “own” 10 out of 100 pads:The land would have to be legally subdivided into 10 separate parcelsEach parcel would need its own legal description, utilities, and tax IDThe city/county would have to approve the subdivision (they almost never do)RV parks and mobile home parks are almost always one parcel, meaning you can’t carve out 10 lots and sell them like condos.2.

I’m considering a 1031 exchange and would like feedback from investors who have experience with mobile home parks, particularly smaller, park-owned operations.Current Property (Selling):Duplex purchased in 2021 for approximately $145,000; estimated current value around $210,000\Loan balance: about $90,000Gross rent: $2,400 per monthNOI: approximately $16,000–$18,000 annuallyCash flow after mortgage: around $750–800 per monthLow management requirements and stable tenantsReplacement Property (Under Consideration):Seven-unit mobile home parkAsking price: $395,000Rent: $750 per unit plus $40 for water (total $5,530 per month; $66,360 annually)100% occupied with long-term tenants, several in place four to five yearsAll homes are park-owned, purchased between 2016–2018 with metal roofs and Hardie sidingOwner pays water and sewer (aerobic septic); tenants pay electric and trashMaintenance handled by one individual for $400 per month using personal equipmentGravel road, well maintained; potential to add one or two additional homesMy Pro Forma:Vacancy: 5%Expenses: approximately 40% of effective gross income (includes water, insurance, taxes, maintenance, mowing, etc.)Estimated NOI: $37,800Financing assumption: $255,000 loan at 8% interest, 25-year termAnnual debt service: approximately $23,574Projected cash flow: about $14,250 annually ($1,188 per month)Cap rate: approximately 9.6%Cash-on-cash return: around 10% on $140,000 downDSCR: 1.6 (strong coverage)If the price can be negotiated to the $360,000–$370,000 range, the cash-on-cash return improves to roughly 11–12%.Pros:Consistent, well-maintained units with matching exteriors.

Mobile homes usually lose value over time, even if the land underneath gains some.

Quote from @Brendan Winans: I Made My Largest Single Profit to Date: $250K in 12 Months on a FourplexEarlier this year, I closed out a value-add fourplex that generated a $250K profit in just over 12 months.

If you’re switching PMs, confirm who the county recognizes as your official representative before the court date.

Wheel Estates is a manufactured/mobile home community located in Villa Ridge, MO 63089.

About 3 or 4 months ago on the mobile app the responses aren’t in order of timeline.

By the way, the cutoff date is June 1 of each year for these changes.City & County Tax BillsMost Michigan properties receive TWO annual tax bills - one from the city and one from the county.

I'm on my computer, not a mobile app or web browser on my phone.  

I think that's a great way to go about your goals; by getting some experience through a few deals and then eventually getting involved into larger ventures like mobile home parks.