Failure to do so can lead to large increases in your monthly assessment and special assessments that can be crazy under bad circumstances.

Some park owners ended up in a "term default" during this period due to bad luck or the failure to start early enough in obtaining a refinance given market conditions.The only difference between the two asset classes during and after a recession is that the demand for lower price-point housing costs is higher ($280 national lot rent average in mobile home parks vs. roughly $1,250 per month in apartments) so the phone rings a whole lot more at mobile home parks and the potential to raise rents is much greater given the fact that mobile home park lot rents are absurdly low to begin with, as a result of mom & pop "quantitative easing".

The risks here have the most weight in determining success or failure.

@Roy Gottesdiener I would say setting up the right team is essential for your success or failure.

The main one is failure to pay rent.

Don't think that one particular out of state market will shoot you to success or abject failure.

This can alert you to a heating or cooling systems failure.

You might guess that our tenants had a massive failure of their water heater, which (with no experience and no contacts) I had to coordinate the $1800 replacement from a mountain cabin near Estes Park.

Failure to pay rent in a timely manner is serious. 

This information is very general and may lead to failure.