Mobile Home Park Pad Sites Only

[Scott McDonald]

Hello all.  New here and my first post.  As retirement draws nearer, my wife and I have decided to venture into RE investing.  Having been a general certified RE appraiser for the last 18 years, I have a decent understanding of the financials associated with various property types.  However, I have zero experience as an actual investor/buyer.

We prefer a property type that requires the least amount of attention and one with fewer moving parts. Based on my appraisal experience and dealings with income property owners, my interest is veering toward a MHP with no POHs. I have weighed it against small multi-family buildings but, for our purposes, I feel like a MHP is a better fit.  Although there are probably states in which MHP ownership is less scrutinized, we are not biased toward any geographical area.  

I have learned that one option is to buy a park with POHs and convert the homes to tenant ownership through owner-financing.  

I would appreciate any feedback/opinions/ideas or direction to any threads or other resources dealing with the topic.