2 options; is this a good deal

[Michael Perreira]

First purchase option: 2.4 million includes 3 new park owned homes that has oceans and sunset views which they rent month to month for roughly 1k each. Second option 1.8 million and they will sell the 3 park owned homes themselves. Usually, I wouldn't want to own any of the homes, just the land but this time I'm interested in turning several of the 27 lots into a tiny home vacation rental. 27 spots Average space rent of $500 $174,808 total gross income from 2016 tax return Utilities not reimburses $7616 Commission 9%. $15,355 Insurance $3,503 Tax $1,565 Repairs $3,535 Permits $1,369 Garden/Cleaning $4,732 Total expense: $37,675 Coastal California city that is extremely popular vacation destination. 1 acre ocean view. City water and sewer. Paved Is this a good deal?

[Michael Perreira]

@Joel Warner and @Brent Coombs. Thank you for your response. The total rents from those 3 units is $30,200 for the yr, I think I can get the same space rent as that and not have to "own" the depreciating asset. But my vision is to use those 3 as vacation rental. The units are a bit expensive due to location and being a bit "fancy" for a mobile home.