Thanks to everyones encouragement and advice on this site
I am about to contract my 1st MHP. It currently has 7 spaces all occupied,with room for 4-7 more depending on whether DW or SW. It also has a 60’x180’ bldg.(once used for mechanic shop business). It faces a major well traveled street with grade school 4 blocks down. Price 200K with owner carrying 140K @ 12.5% for 3yrs.,int. only. All units are sep. metered for elect.,gas . It has new 2" water , 6" sewer (both city supplied) with easy access for other units. Current rents total 3600/mo. Annual exp. have averaged around 10K/yr. It is located in the Houston , Tx. metroplex. I would sure appreciate any advice or opinions on this deal as soon as possible if any can spare the time.
Thanks in advance for all of you great folks’ time and help over the past year.