The issue I have seen with these types of properties is they could have two valuations - the value of the real estate which the structures will have little value and you have the land the other is as an operating business just like a bed and breakfast would have - real estate has value but it operates a business now you mention 12k / month but if someone also has to manage the property what is that worth and what would someone pay to manage a property like this?

I own thirteen mobiles in one of my parks and the only way it pencils is that we A) take very good care of the homes staying ahead on the maintenance, B) Rents are high in the area so we can charge $550 over the pad rent which is $450- so $1000 per month.  

Of one unit is vacant, at least you have money still coming in on a monthly basis.

This month I bought at $5.23%.

While still profitable, I’m exploring better opportunities and considering multifamily (MF) properties.In my search for $1M properties (with $150K–$180K down payments), I’ve found that the NOI often matches the mortgage payments, leaving little to no monthly cash flow.

It allowed you to get into the property, start building appreciation, lower your monthly expenses, and learn more about buying property.

I am 20 years old and for the last 5 months I have been learning hard money lending and I am diving into the real estate community to meet new people and learn.

Rented for about $725 per month way back then.What made you interested in investing in this type of deal?

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

I am looking to add 2 -3 partners in the next 3 months.