Mobile Home Park Homes - Selling POHs on contract

[P. Ian Arbogast]

Good afternoon. I'm new to BP and wanted to float a question to those of you more experienced investors. We own a couple of smaller Mobile Home Communities in VA where the residents own the homes and we own the land. We are looking to acquire more communities but it seems most of the communities we're assessing in the Southeast/Midwest come with significant park owned homes (POH). Has anyone had success buying, and subsequently converting, a predominantly POH community to a lot rent only community through contracts or RTO? Thanks for taking the time to respond.