Mobile home newbie question

[Jared Lillard]

I'm new to BP and to real estate investing. I didn't really even consider that REI included mobile homes. In my research, I seem to have found a mobile home deal that is too good to be true. If the info I see is correct, the NOI on this property would pay back the all-cash purchase price in 26 months. Is this possible?

[JC K.]

Expenses look way too low. Expense ratios on small parks are often over 50% of gross income. There are lots of factors that can swing the ratio either way.  Get a copy of tax returns.