Little Mobile home park

[Meredith Mihm]

Going to look at a 15 unit mobile home park tomorrow. 4/15 pads occupied (@ $235/mo), plus one storage unit rented @ $290/mo plus one farm house rented @425/mo. So $1500ish/mo. City water and sewer, but not metered. What should I look for? Tearing through Frank and Dave's book tonight, because I only listened to a couple of podcasts on this subject before I happened upon this deal. Also, it's in a tiny town of 500, 15 or 20 minutes away from a lot of things-- is that a dealbreaker?? 

[Alina Trigub]

@Meredith Mihm 

In a town with 500 people it will be very difficult to find a path to progress. If on the other hand the town is close to a major MSA (within an hour drive), then you may still be ok. Otherwise, I'd stay away from parks that are in the middle of nowhere.