So if the State law prohibits you from selling more than one park owned home to a tenant in a single given year,
what would be the best way to get rid of 8 park owned homes? Just give it away for free?
Also, it seems like most sellers out there take the rental income from renting out their park owned home into the equation
for arriving at the asking price. However, as a turnaround strategy, I believe you strongly recommend selling off the park owned homes
as fast as possible. So if we end up with receiving just the lot rent after selling off all the park owned homes, then that means
we’d be at a great loss if we were to take rental income from the homes into the offer price equation when we purchase the park.
What is the best way to deal with sellers that that want to take park home rental income into the cap rate equation?
How do we tell them that their park owned home is worth only $1.00?