Looking for my FIRST MHP - Things to look for?

[Brandon Tarby]

I'm looking to purchase my first MHP, what are some things you wish you knew heading into your first purchase? Questions to ask, financing options, things to look for, etc. Was your first MHP close by, or remote?

I'm in SE PA, found a property in western PA, about 4-5 hrs away. It has 19 lots total, 7 park owned homes, 1 RV and 11 vacant spots. Currently on private water/sewer but public is available. At the asking price of $260k and current monthly gross of $6k, it seems like a good deal considering there are a few ways to add value. It has a positive cash flow, even if I had to finance the deal.

Ideally, I'd like something that has all TOH, to avoid that maintenance, but the MHP above has a larger ceiling compared to others I've seen. Thanks for your opinions and thoughts!

[Brandon Tarby]

Quote from @Jordan Moorhead:

That may be too small to support a manager but otherwise looks good

Thanks. Since posting this I've found an off market deal. 25 lot park with room for possible future expansion. 20 TOH occupied, public water and sewer. They're asking $350k, current gross is $5k. As mentioned in my other post which you also graciously posted on, rents are significantly under value. I'm leaning towards this deal rather than the one above, simply because all are TOH and public utilities, which eases my mind being more of a remote owner.