Same Owner Distribution Amount from Mobile Home Park Syndication

[James Li]

Hi All,

I have a question about the mobile home park syndication. From one syndication deal, I constantly received the same amount of the owner distribution each month as an LP. I did also invest in some other multifamily syndication deals (Apartment complex). The owner distribution amount appeared to be different at each quarter. For the apartment syndication deals, the different distribution amount made sense since repairs/maintenance varied during the management side. Meanwhile, the apartment occupancy rate differed due to the different tenant lease. Those resulted in different distribution amount for the LP investors. However, when it comes to the mobile home park deals, it should also have various repairs/maintenances even though the occupancy seems to be relatively stable. My question is is there any red flags if a same amount of the owner distribution happened in the mobile home park deal?