ABSORPTION  the rate you can fill the park.. this will kill you if it takes years which it very easily could unless U personally go out and buy another 20 plus old junker trailers and move them in.. 

you have bigger issues than just price.if this is a west coast park IE CA WA OR  and its on private utls.. those are what you need a deep dive into.how are you going to put 88 spaces in with private sewer.. you could spend 300 to 400k just on a new state of the art sewer system even if you could get it approved.Plus absorption on that park .. ??? 

If you look at historical construction and absorption stats for any property type or city in TX, you’ll see this pretty clearly.  

Carpets also better for noise absorption.

They have next to zero sound absorption ability and on a bathroom that means you get to hear EVERYTHING. 

Here are some popular metrics to considerPopulation growth (5 yr trend)Unemployment rate (5 yr trend)Diversity of job market (no one industry accounting for 25% of employment)Supply/Demand (vacancy rate, absorption rate, etc)Tenant vs Landlord friendly stateYou can find a lot of this information at factfinder.census.gov or by simple google search.  

What this data also indicates is if you are a flipper, you better be operating in the higher ends of your market because the median to lower end markets don't have the absorption  or demand.

Markets which have come down a bit slower I think will still fall until a bit more of an equilibrium hits.I think a great indication of market is absorption rate and median income affordability.

They provide tons of great information for absorption rates, cap rates, rent rates, etc.The cap rate you want to buy at is determined by your investing strategy or desired out come.

We have a dire shortage of single family residential rentals right now (98% absorption).I am coming to BP to network and meet investors that would like to build a great income stream and wealth inside an Austin, Texas portfolio.