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Updated almost 7 years ago,
MHP with all homes owned by two investors
Has anyone owned a MHP when all the homes are owned by two other investors as rentals?
General info: 40 pads. 36 homes in place. 0 owned by park. 19 owned by investor A and 17 owned by investor B. Investors A and B deal with tenant issues, placement and MH repair and upkeep. MHP owner deals with park as he would if there were 36 home owners (water, general landscaping and infrastructure upkeep, taxes and insurance)
I have not heard much discussion on this model and I am curious if there are negatives/positive to it. There are discussions about being cautious when an investor owns multiple homes in a park but 100% seems a bit different.