Trailer park owners.

[Shaun Stephens]

I'm considering purchasing a mobile home park that is developed, but nowhere near full.  There are about 30 trailers and 150 spaces. I've noticed most park owners I've met sell off all of the trailers and just collect the rent on the lots.  I know I'm going to have to buy more mobile homes to get it full and the park owns the majority of the ones in it currently. My question is why sell off the homes? I'm currently a single family investor and don't mind the maintenance for the additional rent. Are there tax implications I've not thought thru? What else am I missing? It will take a while to buy 120 more trailers, but what's it worth when full and I own them all.