Looking at a park with all TOH, city water, septic and city roads, the park is fairly small (around 30 units) and is within 10 miles of my home so I don’t believe I will have to hire a manager. The expense ratio the seller is showing is approx. 20%, is this reasonable? (During DD I will verify everything).
Additionally, is the risk of a park with septic greater, less or equal when each lot has it’s own septic tank vs larger tanks shared by multiple lots which requires a lot more sewage piping.
Thanks in advance!