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.

Even then it would probably still not be wise to move forward if the park has a policy for no rentals.Another strategy may be to talk directly with the park manager or owner to mention that you will pay an extra $100+ per month for the ability to rent out the mobile homes for a while.

That's how expensive a bad marriage or the single life  really is.So I think it would be wise to start the process of finding the right spouse to build your future with.

Great investments for some and nightmares for others; buy wisely. 

If possible, leave your opinion, if this is a wise decision or not and maybe what you'd do as an investor personally..?

And finally, make certain you hire a good inspector - you can try to get credits from the seller (based on repairs the inspector finds) plus it's essential to know what you're getting yourself into, property and repair-wise.

You have chosen a wise investment.

@James Wise Thank you for your response.  

That being said, you should always have multiple "exit" strategies, so it's wise to run the numbers for both options. 

It is a essential part of wise business management.