Need help to analyze 2 MHP Deals

[Adam Harward]

I'm considering 2 MHP Parks.  I will try to detail them out

Park #1

30 Lots (6 Vacant Trailers, 4 Vacant Lots)

20 Leased $350 per month $84,000 GI

Annual Expense $16,100 (RE Tax $10,000, Mgmt $1200, Landscape $1500, Snow removal $1000, Liability Insurance $500, Trash and Misc $1,900)

Asking Price $475,000

Park #2

4 Leased Lots $1270 per month (total)

Annual Expense $3,850 (RE Tax $900, Insurance $1200, Misc $1,250)

Asking  price $75,900

I'm still waiting on a few details that I will add when able.  Who pays utilities? Private or public utilities? etc.  Would love another set of eyes on these 2 deals.