Unexpected costs in a Mobile Home Park

[Andrew Mettille]

I just started to look at my first deal in a mobile home park. I was wondering what some of the unexpected or overlooked expenses in owning a mobile home park, assuming that all of the homes are resident owned.  Is there any potential big expenses that i should be aware of?

A little about the deal:

15 lots one empty being used as parking(additional land that could fit 3 more units)

1 owned by current owner(I would be selling asap)

City sewer and water

2.43 Acres 

$208 a month lot rent

$119,000 asking price

Broker owned

Seems like it could be a pretty good deal, will be finding more about it this week.

Thanks for any help and info