I am also realizing that i am making the BIG mistake that everyone warns against on here.
Never-ever capitalize income from park-owned homes!
From my spreadsheet i have $8,460 of income (even though discounted at 75% expense ratio) for POH. As a result i CAP that income at 10% and end up paying $84,600 for 12 park owned home.
Then, down below i add another 70k for those same 12 homes.
So , realistically the price should be $384,330 + $70,000 (for homes) = $454,330 plus whatever the stick built house is worth.
Which is like 1/2 of the asking price…