14 pad Mobile Home Park

[Benjamin Spencer]

I am looking at a deal for a 14 pad mobile home park. I have a good bit of experience in all sorts of of real estate investing but never a mobile home park. 

5 Pad Rented @ $295.00 $ 17,700.00

4 Pad Rented @ $320.00 $ 15,360.00

4 Pad Rented @ $325.00 $ 15,600.00

1 Vacant pad 

CURRENT/RENTED GROSS INCOME ANNUAL $ 48,660.00

Ask is 425,000.00 coming out to 30,357.00 per pad site. 

Having no experience in mobile home parks looking for suggestions on things to look out for at MHP's and if this looks like a solid deal to others with experience.