Mobile Home Property Research

[Shelby McKean]

I am doing research on a mobile home property that I was surprised to find available in my small town. The listing says that there is space for another unit and there is also a triplex on the property aside from several (8?) homes with tenants already in place. I will be contacting my agent soon, but I wanted to toss this question to the forums to help me cover bases I might not think about. I know I need to learn all local regulations, why the property is available, if the current tenants have leases, all of the financial analyses (Let me know if any of you have come across something I might not know), section 8, available grants, and possibilities to finance the deal if the numbers work. Please know that I realize it is a huge job and huge learning curve and may very well not make good sense, but I want to do a thorough analysis to determine that (and also what price it may make sense for). Also, I want to know if a property such as this warrants an LLC even if it is my first investment outside of personal use properties.