How hard is it to own / manager a park in another state?

[Tou V.]

Just starting out and looking for investment opportunities. I've seen a few MH parks for sale in other states, which seems to have decent cash flow. My concern is the difficulty of having the property in another state and having to deal with management or issues. Anyone won MH parks far away from home? What's been your experience? Thanks.

[Jim Johnson]

So I have 5 mobile home parks- all out of my area. Closest is a 2.5 hour drive, and the farthest is 2 time zones away. With good systems, it is very- very easy to manage them. I think you need at least 35 spaces, and an onsite manager.

I would NEVER own a park that was close enough for me to just drive too without planning. That is a job, not an investment...