I thought it sounded too good to be true also. 5 years later, I'm thrilled that I did my homework.

Originally posted by @Walter Jones:I really got a lot of inspiration from this Podcast#108 with Grant Cardone, and it's true what he said about the compliment he paid to you guys at BiggerPockets.

Their prices seem reasonable but not sure if it's a "too good to be true" sort of scenario...

While some of this is true, this won't hold true when the market shifts.

APPLICANT REPRESENTS THAT THE INFORMATION SET FORTH ON THIS APPLICATION IS TRUE AND COMPLETE.

There are very few true oceanfront properties in Pismo, and only a small area with flood risk  if during a heavy storm, so I don't think insurance will be a concern.

The same is true with property management.

While it’s true that getting a second conventional loan immediately can be challenging, especially if you’re looking to maintain optimal financing terms, it’s not impossible.

Do it anonymously and don't tell them the name of the property, just ask general questions and you will quickly get a feel for how they regard Parks.this is unfortunately so true of cities and municipalities especially the ones that frown upon mobile home parks 

Over time, unless they are true lemons, you should be able to stabilize the properties, raise rents and start cashing in.