MHP deal analysis

[Kyle Bethune]

I am looking for some input on this deal. I am seeking my first MHP. Any input, or advice is greatly appreciated. This is just what I have been able to get out of the seller thus far. ( Central Florida) Asking price-$365,000 They are offering 50% owner finance (not sure of rate or terms) 6 MHP units occupied 1 larger unit the owner occupies (they are not staying) 1 vacant mh 1 mh needing rehab Car lot that is currently rented 4.5ac land 6 parcels of land 3 commercial 3 non 2015 total gross rents $55,333 2015 total expenses $21,621 ( I was told a good portion was used to rehab a MH) 3 septic systems Tents pay all utilities Property is zoned for 20 total MH's I look forward to the comments! Thanks for reading.