I am still relatively new in my mobile home investing career, but am trying to plan ahead. What are your thoughts regarding how many mobile home parks are reasonable to own throughout retirement? I am looking at stable parks with about 50-75 spaces with primarily lot rent only. Let’s say in retirement I’m willing to spend 10 hours a week on average managing the business (while also having managers for each park). I know there’s no magic number, but how many parks do you guys anticipate owning throughout retirement while also being able to travel and spend more time relaxing with family and friends?
Also, do any of you anticipate (or are you currently doing this) hiring a local, part-time executive assistant type role to help alleviate some of the day-to-day responsibilities so presumably you could own more parks for the same 10 hour a week time commitment, or is this not a good idea? Again, I know there isn’t necessarily a right or wrong answer here, but am more curious as to fellow investors’ opinions and plans. Thanks a lot for your time in replying!