First MH deal, 55+

[Adrian Smude]

I have the opportunity to get an older mobile home in a small park that's on a river.  It's 55+ community.  The Mobile Home is close to average for the park.  It's a 1/1 and needs some LTC and window AC unit.  There's coin laundry on site.  I can get this MH for $500, lot rent is $350 a month.  I believe it can sell for $10,000.  Plan is to put $3,000 TLC and sell for $8,000-$10,000 with financing.  (We will have someone over 55 as the owner)

My biggest concern is the 55+ community because I have never done anything in this market.  Any words of advice is very welcomed....