@Arnieleto Yes, on paper it would seem like POHs are a good idea. I’d encourage you to search through several of the great threads on this forum for the experiences several owners have lived through with POH. For us, the biggest reason we don’t like POH is the type of tenant MH rentals seem to attract. Across our portfolio on lots where we have tenant-owned homes we are seeing annual turnover of <3%. In our units that are POH, that number is closer to 30%. When we have drug problems or other illicit activity that pops up occasionally in the parks - 80%+ of the time it comes from a tenant in a POH. There is just something about owning your own home that makes for a more responsible tenant.
Another consideration is the operational bandwidth POHs will chew up. We can run a 100-space park with tenant owned homes all day long with a park manager working 20 hours a week. If that same park were POH we would require a full-time maintenance person and the manager would probably be doing 50 hour weeks. MH taxes, moving tenants in and out with inspections required (in some states) every time the home turns, rehabbing, maintenance calls, etc - in the end our profit on the homes will be $0 if we are lucky (unless they are newer homes, then we may make a buck or two).
We do POH and we will continue dealing with them since they are a necessary evil in this industry - but given the choice, I would never actively seek to take more POHs on.