From my knowledge it really depends on where you are in Newark, I know there are many expensive areas and not so expensive areas.

Even with the additional maintenance expense we still drive a 66% better NOI than if the entire park was TOH.  

Learned that STRs can be expensive!

Your CAP rate will be dangerously inaccurate if you calculate expenses incorrectly so let's break those down.Utility Set-up- As an overview you need to know the difference  between city-provided utilities and onsite such as Septic Tanks with Leech fields, lagoons, Wells, EtcGetting more specific what utilities are maintained by the community, paid by the community vs the tenants.I will give you a quick example, I own a park with a bunch of multifamily manufactured units of which I pay the electricity bill.

Once again, we find another recession indicator flashing red.Given the multitude of economic crosscurrents, it’s crucial to seek the best assistance available to mitigate taxes, and manage expenses to navigate through potentially turbulent times. 

Its not very expensive. 

Personal name: Less expensive, less protection. 

In the beginning, I wanted the classic small multi family house hack, but have quickly found that that's not feasible with my situation -- they're very expensive and of the few available, they're far from penciling and cashflowing. 

Its completely plausible that your expenses could rise at the same time as rents actually go down!

These options are usually much more expensive, also, and very few private/hard money lenders will provide take-out financing.