Challenges?

However, after renovations, the numbers improve significantly, and the challenge lies in bridging the gap between current and future performance.Expenses typically run at a 30-50% expense ratio for mobile home parks, depending on management and infrastructure conditions.

Raising capital with your existing track record is going to be extremely challenging.

Today we have 540 units in a few states and things are not without challenges. 

Not every investor is willing to take on properties with these kinds of challenges, but if you can make it work, the rewards are huge.

Maybe we can exchange insights and strategies to help each other navigate the challenges of getting started.Looking forward to staying connected!

That said, I do this with a a few investors on rentals since I'm a Realtor and Property Manager where I am boots on the ground for purchase, rehab and lease-up, however we had a strong professional experience/life together before partnering.Lending will also be a consideration as most lenders are hesitant to lend to non-citizens given the foreclosure challenges it can pose.

With #2 -- When it comes to having the higher Cap Rate, would you find that it will daunt the valuation when it comes time to sell?

I know it can feel a bit daunting at first, but you’re asking the right questions, and that’s half the battle won.

Challenges?