A lot of the major components are brand new including roof, siding, furnaces, A/C, flooring.

If you have been listening to the recent podcasts with James and Jessie, you know they brought their value add components.

Is there the occasional premature part failure, of course, but even Mercedes has recalls from time to time, no manufacturer does the QC on electrical components they use. 

@David Tang Unless there is an employment component of this program I would not do it.

But the most important component of any real estate syndication is inarguably vetting the sponsor and understanding the business plan and how your money will be used during the plan. 

You got all your money back and can now use it on the next deal.The main component here is obviously finding a very good deal. 

I'd like to join a group that has an educational component as well.

In addition to that, banks will only finance against the "lot rent" component of rented mobile homes on land.A $150,000 Park would need about 12 homes with a lot rent of $200 per month assuming a 50% expense ratio and 10% capitalization rate.If none of this makes sense to you I would highly recommend the Mobile Home University Due Diligence Manual.  

@Jay HinrichsYes it can be called a business with a real estate component.

It would have to be falling over significantly, mortar missing, flashing damaged, missing components, and some more just to say it needs a full replacement.I would love to get into the stories I've heard about deal killers lol but it wouldn't do me any favors.