Mobile Home Park

[Dennis Jackson]

Hi my name is Dennis and this is my first post here.  I have been looking into mobile home investing but ran into a (what I think to be a sweet deal).  It is an actual mobile home park in Florida 8 lots on 1.8 acres for 149k with owner financing.  40% occupancy, city water with 4 septic tanks.    

Gross Income $28,719  

Operating Expense  $13,328  

Net Operating Income$15,390

Expense Ratio 46.4%

No debt info and average rent 450

6 of the homes are park owned. 

I would like to know if this is as sweet of a deal as I think it is.  I am a newbie but I would love to take on this task.