Price is $275K, he won't carry anything back45 spaces12 lot rent28 park owned (would sell those to tenants on owner financing/rent to own to get to lot rent)5 Vacantpark homes rent currently $400-425lot rent currently $125- I think market is 175-200, but not many parks around so has been hard to get numbers3 bed houses rent in nearest large(ish) city of Florence SC (30 mins away) rent for $800-900city water and sewersmall park footprint wise, just 2 roads- 1 paved 1 dirt- and all houses in the middle of it, very small footprint, tight parkArea:Marion SC, super small town, but is 10 min from super walmart, 30 min from Florence, that is the nearest MSA (technically Marion is not in one)Marion small, slowly dying town; Florence growing, solid city/townFlorence metro good growth since 2000, like 17%, low unemployment, everything looks solid there.Numbers:I am pro forma-ing it at $150/space lot rent, 40 spaces, $6K/mo, after 45% to expenses is $3,300/mo net/mo... which is $39,600 net/year14.4 cap on property pro forma12 cap on property based on 125/mo lot rent at 40 spaces.

The best option for those folks is to set up an account where they can pay their rent at Walmart Kroger etc...

Maybe offer half-off rent, or maybe offer to throw in a  $200 wal-mart gift card, something for the holidays.. for the right price/incentives, things can be rented!   

I'm currently looking at a properties in Greer, SC in the vicinity of the Walmart Super Center off of East Wade Hampton Blvd.

This thread has been a great reminder for me to ignore those places and continue look for value add opportunities that will fatten the rent roll and keep me from spending my retirement years working as a cashier at Walmart.

The neighborhood is 15-20 minutes, walking distance, from a wal-mart and a ton of other business, i.e.

They could go to Walmart and buy a 55-gallon bin to bathe in with hot water heated on the stove and take care of basic needs.

Furnish all the bedrooms (Craigslist $100-300 per bed with preowned mattress, buy $10-20 mattress cover, $10 lamp, $50 dresser or nightstand) and provide the kitchens with basic supplies (Walmart $20 4 piece set, $10 silverware, maybe some pots or not, can buy 1 multipiece set and split it between your units)Install Schlage Camelot electronic Door Code locks on the door ($100 Amazon-no lockouts) or a lockbox ($25) with backup keysPost on Nextdoor and Craigslist looking for a “house Mom” / Cleaner who will clean units between guests for $20/turnover.

I will throw in (only for you) an exclusive 1-of-a-million t-shirt and Walmart swag. 

Most towns don't allow you to open a business or store front anywhere you want - it has to be in areas they (the town) have deemed suitable for commerce, whether you're a Salvation Army or Walmart.