I’m new in the mobile park biz, I’m looking for buying a mobile home park in Florida.
I’m correctly checking an offer that has a really great CAP rate of 13%, the park also looks great.
The only things that concerns me is that the park has many trees (sewer problems? ) around it and that the park owns all the houses in the park ( 20 lots ).
19 lots are correctly rented
I wanted to know how risky is to be the owner of the houses ? and usually what are my chances to sell those houses to the tenants.