Increased Institutional Investment: Large investment firms and private equity groups are recognizing the potential of mobile home parks as a stable asset class, driving up purchase prices.

With owner financing, you can usually put a smaller down payment down (15% or so) to get in, then drive the value through improvements or rent increases to market.I always look for light to improvements and mostly rent increases with month to month leases or vacancies to get the best deals that I can move the rents faster. 

If rent increase is 5% or more, tenant can demand relocation assistance.

This could help generate additional income and attract a broader range of tenants.3.Partner with a nonprofit organization: Some nonprofit organizations specialize in affordable housing development and may be interested in partnering with you on this project.

The key difference is that you can massivly increase the asset value, but increasing NOI.

I'm considering diverse options for reinvesting the proceeds ($200k+) from a planned 1031 exchange and am open to various strategies:Las Vegas/Reno: These markets offer potential for both cash flow and appreciation, but I'd need more information on their suitability for mid-term rentals and current market conditions.BRRR strategy: This approach could be attractive for value creation, but I'm hesitant about out-of-state management and require a turnkey or experienced team to handle renovations.Other locations: I'm open to exploring other markets offering favorable investment opportunities, particularly turnkey properties or areas with manageable maintenance requirements.My preferences:Turnkey properties: Minimize management headaches and focus on cash flow.Limited appreciation: While some appreciation is welcome, cash flow is the primary priority.Shorter-term rentals: While Airbnb isn't an option in my current area, I'm open to exploring short-term rentals in other markets.Avoidance of major renovations: My recent experience has solidified my preference for well-maintained properties.Current portfolio:3 duplexes in Missouri (mixed performance)1 single-family home in Memphis, TN (turnkey, positive experience)Questions for the community:What are your thoughts on Las Vegas and Reno as potential investment destinations?

While it's unlikely we will see such drastic increases YOY if it rents well, brings in a little money, and fits your goals, why sell? 

It will come with a slight rate increase but overall worth it as the rate will typically be much better than the F&F.

I know it is not an optimal rental with how big it is but I am confident that the equity will be increasing quickly along with rent rates given how much money Lennar is pouring into the area and we have low rates. 

My wife and I bought a duplex when we got married and it greatly increased our net worth doing the first few years.