Opportunity to purchase property in established mobile home / rv park

[David Yandel]

I am currently renting a rv lot with full hookups (water, sewer and electrical) for $750 per month at an established rv and mobile home park. People in this park range from using the land for manufactured homes and or park model rvs and fully movable units. I see that the area does sell these properties frequently and over the years have been increasing in value. 3 years ago, these properties (fully deeded) were going for around $25k, and now are selling for around $60-90k. There is a property here that the owner is trying to unload quickly, and I have the opportunity to purchase for cash well below current market value. My goal is to own some land so we have somewhere to come back to (my wife and I currently are nomadic) and also potentially short term rentals while away (rent to other RVers who need a spot).

now my question: Would it be best to pay this for cash outright as 1 of our first investments? Or would it be best to get a mortgage on the property even though it’s not needed? The goal is to start accumulating property and land and diversifying our portfolio.