“Manufactured home park” or “park” means an area or tract of land where two or more manufactured homes or manufactured home lots are rented or held out for rent.

The railroad tracts influence the value. 

Purchase price: $295,000 Cash invested: $100,000 I purchased several tracts of land and put them together, got them rezoned with the intention of building a 13,800 sq/ft mixed use building.

We have units in a census tracts with $27K median income renting for nearly the same rent as a complex in a census tract with $66K median income. 

We started noting flood areas, Large tracts of land that would not be split up to use as Self Storage.

-Bought a house for $150,000 a year ago in an OZ tract.

Offered in 6 tracts, 119 Acres Farm Land and also 251 acres timber land.

I opted for personal financing and selected a conventional loan product for the lower and moderate income census tract.

Is there a rule of thumb that any of you follow in regards to submarket population size in a zip code or census tract for different sizes of multifamily properties?

In addition to my traditional land development projects, I've also been looking at various low intensity uses that can be installed on large tracts to cover holding costs + provide some positive NOI, such as tiny homes on wheels, glamping, etc.