Mobile homes package deal advice

[Rich Prestridge]

I have an opportunity to invest in a bundle of mobile homes and it seems like a good deal but want to see if someone has an angle I haven't considered. 10 mobile homes (approx 15to 25 years old), all rented (by a company; $5500 gross monthly rent), no vacancies (for the  past several years) already set-up, mixed condition but all liveable, $200 a month lot rent, $135,000 for all 10, 10% down, owner financing, payoff in 5 years ($2025 per month), 0% interest.  Net $1475 after note and lot rent. Jumps to $3500/month at 5 years after note is paid off.  Freshly paved roads in the park (paid fir by park owner) and to the park. All other units are tenant owned. Central sewer system. He's offering to repair some outstanding issues which are minor. He put a new roof on one unit. Presently installing new appliances and cabinets in the newest unit. Seller owns the park and is responsible for everything on the ground (including lawn car and sewer system). Lot rents will not increase for the next 5 years. That's all I can think of. Thanks for any advice or input. 

[Dennis Jayy]

I was going to answer this question here but I will refer you to  where you can get all the answers you want.

Go to mobilhomeparkstore.com    Sign up, it's free and put your question in the forum there.  You will get your answer from the people that know and understand what is going on in that deal.