Expenses for trailer park, other minor questions

[Matthew Hermann]

Hey guys,

I finally grouped some investors together and I just looked at a mobile home park for sale.

This will be our first purchase and we were trying to see from experience if anybody knew reasonable expenses for a mobile home park. All the homes we plan to buy are 15  years old or newer. The proforma given by the owner calculates a annual repair cost of $2800 which is what I consider to be hysterically low for 7 mobile homes.

Could anybody with experience give some reasonable figures? Also, does anybody outsource their repair and property management teams and, if so, how did you make it cost effective?