Honestly, I never would’ve even approached it if I hadn’t walked out of that event with confidence.12-pad mobile home park with a brick house in the middleFamily-owned by an older lady who had done an ok job keeping it upLocated just outside the city so great taxes, good schools, with the benefit of city utilities. 

I brokered the deal, brought in a partner, and co-invested to reposition the site into RV pads serving the local rebuild: traveling nurses, construction crews, and other temp workers.

The property has a small parking pad for me but the parking in the area seems way more reliable than the more "desirable" neighborhoods.For those that have been in the Baltimore Real Estate game for a while - I'm curious what your opinion on this area is as I've seen mixed reviews. 

Combine that with personal savings and it's launch pad for the next opportunity. 

Purchase price: $480,000 Cash invested: $150,000 52 Pad Mobile Home Park What made you interested in investing in this type of deal?

@Stepan Hedz Thanks for sharing this, Pad-split is something I've heard of for a while but have not had personal experience with yet. 

Pad split is neither good nor bad.  

If there are vacant pads determine how long they have been vacant and why.  

Trash is collected by the HOA 7 days a week, etc.Most of the resorts have a big clubhouse amenity area with giant pools, waterslides, mini golf, splash pads, movie theater, etc. 

It is very important to plan a cushion from the start, usually padding the budget and timeline by at least a few months so surprises don’t wipe out the margin.