Mobile Home Park or RV? Pros and Cons?

[Shweta Patel]

Hi BP fam,

I am a rookie that is starting out in the MHP arena and interested in investing. 

I have done a bunch of SFH Rentals, but want to make the jump as I have heard it is a great market to explore.

I recently was discussing a deal with an MHP Broker who had listed a park for sale with both POH and Park owned RV's. 

He claimed that the current owner was converting his vacant POH lots into RV lots as you can divide 1 mobile home lot into 3 RV lots and get 3-4 x as much rent/month. His rent roll seemed to support this, however Id rather hear from you guys and get some more objective feed back. 

1. Is it better to buy a park that is only MH's or is a mix of MHs' and RV's ok?

2. Does having RV's/RV lots mean you have to have someone onsite at all times to facilitate rent collection as it is a more transient clientele? 

Thanks in advance and cant wait to hear from you all!