Zach,half empty parks are tough.. seller wants market for pads.. but absorption ( or lack therof) will kill you.I have owned 3 parks.. and am buying one in Eugene right now...

Specifically, I like the Specific Zipcode function with the absorption and price plotted.

Absorption rate and vacancy rate. 7.

If you have a big brokerage nearby I would bet their website has local absorption and vacancy rates.

ANNUAL PERMITS293 unitsANNUAL DEMAND1,671 unitsANNUAL COMPLETIONS1,373 units3rd Quarter Albuquerque Performance HighlightsIn 3rd quarter 2015, absorption outpaced net supply, 584 units to 281 units.

@Matt Sora over all the market in Cape Coral I would say is going to be better to find deals as inventory is up to around pre pandemic levels with an absorption rate around 3.5 months and in north Cape Coral closer to 4 months.

These moves will also be needed to fill apartments, as industry source RealPage reported Huntsville’s demand for apartments totaled approximately 2,100 units in both 2022 and 2021 (which were record years for apartment absorption).

So the low interest rate environment dovetailed with "good but not great" demand has kept new inventory low and absorption of any new product very healthy.Turns out Rochester is not the only market in the US that has not fallen victim to the headline numbers.

Final plat approval out here also triggers payment of lots of development costs- impact fees, water tap fees, sewer tap fees, the list can be very long-  go talk to the local zoning department about subdivision plats and see if you can get a copy of a subdivision agreement or plat fees from a similar project (if they do that out there).Phases are a big deal, pay attention to absorption rates, if you think you can sell 10 houses a month then build it all, if it's 2 houses a month then start looking at how you can divide up the development into 2 or 3 phases to keep your up-front capital down.Good luck.

What we went with is spray foaming the ceiling joists of the first floor throughout the house then, installed resilient channel in the living room for extra sound absorption.