Mobile Home Park Buying Criteria - Going Against the Grain

[Steven Nguyen]

Hello BP Community,

It seems like most investors want all tenant owned homes, city water/sewer, and low vacancy.  For the beginners starting out, would it be wise to go against the grain and target the mobile home parks that nobody wants (i.e - park owned homes, private utilities, high vacancy)?  If these problems could be solved, there seems to be high upside and a lot less competition with the bigger investors.  Let me know your thoughts.  I am looking to grow my mobile home park portfolio.

Thank you.

Steven