Sequim kind of has it all, the entry to national forest and park land for all outdoor activities, right by both fresh and salt water fishing, gardening paradise, retirement community so generally quiet, safe, and very low crime rate.

Throw in the fact that you have hundreds of natural lakes and surrounded by salt free sand beaches to the largest source of fresh water in the world and it's not a hard to see that Grand Rapids passes the eye test.  

I took the cap rates with a grain of salt and as many of you have said I will double check the numbers, especially the expenses and see if it makes sense.

Even within waterfront properties, you have to calculate several factors (fresh v. salt, time to open water, # of bridges, the height of bridges, canal width, seawall, etc). 

Hi @Tomoko Hale  I'm an investor in Salt Lake City. 

I am expecting they will take what I say with a grain of salt and do their own research.

Take people's recommendations with a grain of salt as they are likely speaking about themselves and maybe they just don't put the work in or spent years on Youtube University...think of the ROI in that. 

I can't thank everyone here enough for all of the kind words and quick collegial support that everyone gives.The property is in the Mill Creek area in Salt Lake. 

Full disclosure: I'm new to this and have bought my first deal but have not yet sold so self-preparing has been sufficient in the past and even this year probably would be as well so take everything I say with a grain of salt. 

Are most of the mobile home parks in the salt lake area owned by larger companies?