6 unit Mobile home park

[Zachary Smith]

I am new to mobile home parks and I am looking at potentially purchasing a 6 unit park with a 2bed 1bath rental house. I currently have 5 rental units that I manage remotely. 2 duplexes with a garage converted into another. I am trying to crunch numbers for an offer and to present to investors. I am not really sure what should be included in the expense estimates. Current lot rents are $350 but only 4 lots are rented. Owner pays water/sewer. The homes are owned by the tenants. I am trying to figure out what the below questions and any help or guidance would be appreciated.

1. The type of insurance I would need and amount of liability? State farm, which currently insures my properties said they don't cover mobile homes. 

2. Expenses and costs that I am unaware of? Currently, only thinking about Insurance, snow plowing, mowing, taxes, and utilities. I want to try to manage the property myself. Good idea or bad for a small mobile home park?

3. What are lot rents in your area?

4. Should I create a separate LLC for the mobile home park or keep it under my other properties?

5. What type of loan is possible with this if I am unable to secure full price purchase? 

Any suggestions or guidances is greatly appreciated. 

[Dhanasekaran Ranganathan]

I used the biggerpocket's article https://www.biggerpockets.com/...

Get the trailing 12 months P&L from the seller, and if possible past 3 years will be better. Also schedule E to verify the info.