Mobile home parks have less maintenance component and zero turnover cost if you are leasing lots only.

Cashflow would be about $1000 a month accounting for maintenance and vacancies.

How do they respond to maintenance requests?

It wasn’t from one of the guys routinely drug through the paper and court (another reason to be a little cautious).  

They Handle Rehab/Maintenance/RepairsMany mom and pop investors prefer doing the work themselves.

@Jonathan Justiniano does the 9.4% include reserves for maintenance and vacancy?

Per the lease it was the tenants' responsibility to cover lawn maintenance and water was to be paid by the landlord and reimbursed by tenants.Although it was the tenants' responsibility to maintain the lawn, we worked out a handshake agreement that the landlord would continue paying his lawn guy and we would reimburse him for it.

Potential Rent = $840Estimated expenses = Property management 10%, Vacancy 10%, Repairs/Maintenance 10%, Cap X 10%$840-(property management)-(vacancy)-(repairs)-(capx)$840-$84*4=$504 (total revenue)Cash flow = total revenue - rent = $504-$540 = ($36), looks like you would be loosing money every month. 

It’s priced very well so I’m not too worried about the down payment, but it has HOA fees, plus if there’s a maintenance/management fee, plus insurance, that will need to be paid even during the slow months.

For instance, have you accounted for maintenance, CapEx reserves, taxes, insurance, water, trash, electric, gas and landscaping?