I recently invested in a drug infested park that happens to be in a fantastic area. Am in process of evicting/re-homing about 1/2 of the tenants. 2 homes were not salvageable due to a fire. Received quotes from $6500 and up to remove them. Found that it was much more cost effective to rent a dumpster and dissemble. The workmen were really excited about taking the aluminum to be recycled.
Evicting so many is creating a lot of opportunity. Looking at re-arranging home sites to maximize density. (current park is only at about 60% of density that zoning allows). Also looking at Geothermal as a clean/GREEN way to help tenants with heat and AC. (Hoping to offset costs with higher lot rents)
Call me crazy but I’m even looking into Solar Carports. They aren’t cheap but I can hold a note for them and not worry about Dodd Frank compliance.
Has anyone explored Tiny Homes? They seem to attract a more affluent demographic.
Hoping to hear any thoughts or advice!