I am trying to purchase a 50 pad MHP. Each pad has it’s own electric and water meter. All are rented. 18 owned by the park. 6 are rentals 12 are owner financed. The balance are pad rental at $150 a month. This is the lowest priced park in the area, I plan on park improvements and raising the rent over the course of 18 months. Monthly income is $12,500. Monthly expenses are about $1000. Sales price is $875,000 and the owner is willing to finance balance at 3% interest. He and I have been talking over the last several months since then he has fallen ill for the 3rd time. Unfortunately it is terminal this time. He has an immediate need for cash to build his wife a house. The 2nd mortgage goes into his estate for his son. From what I understand it is hard to find an investor for an amount under 500K. If you any questions please feel free to ask.