I am looking at 2 parks with similar economics.
The big difference is one park has several rented lots and 15 90’s era rental homes in good condition.
The other has several rented lots and 15 vacant lots to fill.
Assuming all else is equal, which is better to purchase?
It seems I could sell the 15 rental homes faster, but would have a lot of maintenance and turnover for several years.
Filling new lots would take maybe 3 years if I sell 5 a year, but I would not have to carry the note.