One larger park or 3 small ones?

[Jena Liberty]

Hi Everyone, I am new to mobile home park investing. I need some advice on whether it's a good idea to buy a few small parks or one large one. My thinking is maybe diversifying in 3 states would be a good thing in case of natural disasters. Also I would gain more experience with deals this way. But one larger park might give me more income. Any thoughts or comments would be greatly appreciated.

[Jeffrey H.]

In general larger Parks have lower expense ratios, but starting occupancy is a major factor.  Larger Parks are easier to sell as well.

Still, run the numbers.