They are running on razor thin margins. 

Keep evaluating deals and then when you find one with the right margins and a decent exit strategy dare yourself to do it :)Good luck on this journey it's a very exciting season.

Looks sharp and modern  Was thinking about carpeting the bedrooms, but I just don't want to have to replace them and the seem to be only marginally cheaper than the LVP - sometimes. 

don't forget about mowing, snow plow/salt, some turnover, taxes for your manager/workers comp, free lot rent, money for your management time, accounting software, LLC set up cost Your going to have more of a greeter in a park like this, which would be free lot rent only and maybe $5 a lot...smaller parks have really thin margins...if you have 2 tenants move out, die, leave town, get arrested, whatever, you then lose 14% of your tenant base and monthly income for the property, get to 5 tenants and your at 40% which could throw your loan into nonperforming very quickly unless your willing to come out of pocket on something like thisjust to show your top gross revenue will never equal 40,000(210*14*12=35,280)just do your diligence and i wouldn't pay more than 200k for something like this...and thats a stretch or if there willing to carry some of the papersomething this small, don't turnover to a property management company because they don't know what their doing normally with a park like this and their going to charge 10% of revenue probably.

They bid up the properties to the point where there is no margin left even at an all cash acquisition and then proceed to lose their @$$. 

Without knowing your goals, I assume you're looking to keep costs down for profit margin purposes.

Let me ask, is part of the “why” to this question wanting to insure good cashflow margins? 

Work hard and persevere to find a cash flow neutral or better deal with some margin.

@Drew Y.I’m guessing the flips you are doing in FL are likely a higher profit margin than 15%?

The profit margin is very healthy whether you want to sell and even better if you hold and lease the units.