Make sure the park has a good reputation (or at least not a bad one) so it's easier to find buyers.Know the park rules very well, so you don't make the owner mad or get stuck with a trailer and lot rent that you can't unload.Find comps just like you would a regular house and figure out what similar homes are selling for.If you can buy them for cheap enough you can make decent money.

Now comparing say 2 bed STRs in your area - amenities is the main driver.  

Maybe a "Mad Men" full mid century modern Short Term Rental Experience.

That's a big driver of tourism in the spring that could really help offset the seasonality of a lake property. 

My point is that the mountains are popular but not the primary driver in the tourism boom.

Along with my 9-5 job, I work a side gig as a food delivery driver for extra income!

The manager was old and almost had a heart attack a few times when he came running up the stairs like a mad man to the 2nd floor because my wife used the swimming pool and hung a towel on the balcony to dry.

Having higher expenses is a function of the operator and as you can tell from the posts above, everyone has a different level of expense.We always  seek to drive rents, we know what our expenses  will be but each additional dollar in rent is a documented income when assessing a property.

The thin flathead and multiple Philips drivers work better than modern standard drivers on a lot of the non-standard screws I see in some of the older places I look at in my area.

So I follow the news and listen to the BP podcasts and the signs are clearly flashing danger for MF syndications - high interest rates and short-term debt coming due, constrained bank lending, slowdown in rent increas...