Investing in Mobile home park
hi everyone. Is anyone out there investing in mobile home park? (Not a single mobile home but the entire park.) It crossed my mind to invest in one in the near future. Just wanted to know what are the pros and cons. I know there's a stigma that mobile homes are ghetto but that's something fixable. There's also the difficulty to rent the spots since not everyone own a mobile home to park at the lot. My idea is to try to purchase the land where people have their mobile home parked. I definitely do not want to deal with broken appliances, stuck toilets, etc.. In the case I own just the land and people pay me rent to park their mobile home, how would I enforce rent if people revise to pay? I wouldn't be able to evict them from their own home.