Sorry a few more questions.
How many parks does the average investor look at before finding one worth buying? I have looked at 5 -6 parks so far and have not found anything worth buying (mostly too high priced for the cashflow!)
IT seems at collection of rent is critical. Realisticly how much time should I expect to spend getting rents each month? ( i.e. I assume some percentage will pay on time with no problem, some will pay, but late and a few ( i hope), will not pay and will require legal action. Are my fears justified or do most people pay up?
Any special regulations in New York that Ishould be aware of? ( New York always seems to have more regulation of everything compared to the rest of the country).
thanks again, any comments would be helpful. This does look like a great area to invest in, I just don’t want to make any huge mistakes when buying a park.