Eventually people die off and the homes go up for sale cheap, get abandoned and the park owner picks em up cheap and takes in the extra little bit of cash for the POH rental. 

. #3 - Have finances in order (i.e) is this going to be bought through conventional, cash, HML, etc.

That being said, its probably still worth looking at the data at those prices

I think this is a rabbit trail definitely worth following. 

For rentals, focus on cash flow and metrics like cap rate (target 8%-10%) or cash-on-cash return.

Purchase price: $275,000 Cash invested: $275,000About this homeBeautiful 2 bedrooms 1 bathroom condo in the convenient location of Rowland Heights, close to bus stop, supermarket, schools, shopping centers etc. newer counter top in kitchen and bathroom. 2 parking spaces and storage room.

Purchase price: $600,000 Cash invested: $30,000 Purchased single family home, finished basement making the property a duplex.

So should others dupped into believing they can do cash deals.

Is the lot itself worth 10k?

.- >65K in rent collected- having someone to bring in Amazon packages when it is raining outside- generally having someone to watch over the property when out of town oftenI think the headache is worth it.