Detailed MHP Macro Questions

[Ephraim Bistritzky]

Hi All -

My company and I are looking to purchase an MHP we've come across off-market. Park is on public water & septic as well as a park owned electric system. We know how to operate on public systems however we've never owned a park that has park owned electric or septic systems and as most of you are aware - we've heard its a serious issue. I had a couple of questions for the more experienced MHP investors here. I've listed the questions below and I hope you guys have a chance to answer. 

1. 1. Can we convert the park owned electric system to either a public or private company who would assume responsibility for all the lines as well as direct-bill the tenants and if so how much would something like this cost our ownership group?

1. 2. Can we convert the park from a septic sewer system to a public sewer system and if so how much would that cost our ownership group?

1. 3. Also - About 30% of the pads in the park are RV pads. Do you guys know if it is possible to convert these to MH pads? If we would lose some pads due to size concerns that would still work. If this was possible how much would something like this cost? 

Thank you in advance. 

Looking forward to hearing from you all.