Growing Demand for Affordable Housing: The ongoing shortage of affordable housing options drives demand for mobile home parks, particularly in desirable locations.

I've noticed a significant difference in home prices depending upon where the homes are located even though they are in close proximity to each other. 

Being in an up and coming neighborhood, I feel like that is a prime location for a developer to look to purchase (the houses and the garages, which my house would be right in the middle of) to put up a multi unit dwelling.

Then if you’re satisfied with your team I’d recommend staying in the same location if possible to continue using the same players for a while.

What particular market are you located in?

Hi All, I have an opportunity to purchase a piece of land that I think will be great for a mobile home park given a number of location constraints and opportunities.

For STRs, you're going to price according to your market but also most likely using a dynamic pricing tool to take into account location-specific demand fluctuations.

I saw a listing for a 15-unit apartment building that is for sale and the property has a 5.3 cap rate, this isn't the issue.The issue is in the listing description the agent said the building could have rent growth potential based on the rising rent prices in the area which she said would bring the property to a 6.6 capNow my question is why would I buy a property for 2.5 million when with this new expected cap rate the property would tank to just under 2 millionNOI is roughly 132,000 and most units are in pretty good shapeAnother note is the average cap rate in the area the property is located in is a 6.4 cap

@Jason Allen a wise question, but there's no specific industry standards in the SFR area, like there is for MFR.Read below for what we use:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.When investing in areas they don’t really know, investors should research the different property Class submarkets.

In Colorado, the tagged location for this thread, only the actual rent can be charged and enforced "as rent", and thus used as basis for eviction.