Cap Rates, Cost per pad

[Aaron Smith]

Hi BPers,

I'm getting some cash out refi money in about a month, and I don't want the money to sit in a bank account. We're at the top of the market, so I'd like to focus on a low risk asset class that will give great cash flow. I think mobile home parks or workforce multifamily fits this criteria.

I've settled on the Tampa, FL market or the Raleigh, NC market.

Does anyone have any expertise in these markets? What are the typical CAP rates for mobile home parks or workforce multifamily? What should I expect to pay per door or per pad? Like most investors, I'm looking for value add, with the intention to BRRRR.

Any commercial broker recommendations would be greatly appreciated as well!

-Aaron Smith & @Joshua Smith