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Updated over 15 years ago,
Father wants me to run the park...now what..?
Greetings,
My father currently owns a small mobile home park in S.C. 18 units with approximately 13 or 14 livable and rented. The rents average between $364-$375 a month. These I believe are all month to month. He asked me over the weekend what I thought about taking over the park for him. I currently live about an hour or so away from him and the park. I am so new to this, I wouldn't even know where to begin. How can I make this park financially viable for the both of us? The park is in rough shape, however i believe it has potential.
Best regards,
Dave