I am about to close on a 50 unit park and have found out that one tenant is marketing their home on craigslist for 4k. The mobile home needs a lot of work (probably around 4-5k of work). It is a 1998 2br 2ba.
What is the best strategy here? Do I try to buy it from her so I do not lose an occupied lot and do the repairs, or do I let her sell it to someone else who may haul it out of the park?
If the home leaves, it is likely I would have to spend close to 10k including moving/setup to get another home on the lot.
Any advice is appreciated.