I am under contract to purchase a 73 space park. The park owner became addicted to drugs and really let the park go. Drugs are rampant in the park and only 30 tenants are now left with about 30 more empty trailers in the park that the old owner didn’t even try to rent out after the old tenants left. All city utilities and paved roads. The park actually looks pretty good.
The park now has a very bad reputation in the town. Does anyone have experience being able to turn around a park like this? My plan is to sell off many of the homes when I purchase it but my concern is that I won’t be able to find good tenants to move in because of the bad reputation the park already has.