If I move forward, I plan to hire a top-tier inspector and specifically flag the basement work as a concern.

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.

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

Quote from @Leah Riherd: HiI was sold a mobile home that is out of state as an investment at a "real estate"meeting.

Check with @leo young....I believe they have a mobile home park fund that might partner with you. 

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

I am currently looking to purchase a mobile home park just outside of Memphis, TN, where I am from.

Hey Michael, awesome that you’re diving into mobile home parks early!

Hi BP Friends - Are there any due diligence lists or calculators I can use for analyzing MHP? Thanks,Chi