There are so many items you need to check on a mobile home park in due diligence and we wrote a course around it.Here is a short list of the most "deal-killing" items:1) Test ad.2) Certificate of Zoning from the city or county.3) Phase I environmental report.4) Review of last 3 years of P&L (and tax returns if available).5) Forward forecasting budget.6) Rent roll and payment history.7) Review of the water, sewer and electric systems.8) Size of each lot.9) Confirmation of which homes are occupied and which are vacant.10) Rent comps on all competing mobile home parks.11) Study of the metro market.12) Survey and title.Mobile home parks are much more complicated than they look.

Air seal it well as you put it back together, then do a blower door test and hire an HVAC guy that will aggressively size an inverter heat pump.

You can get a very detailed idea from that comp data based on bedroom count, square footage etc.Manitoba may also have an online property assessment page like BC does that shows recent sales. good luck

What I see on my properties is that I pay somewhere between 1200-1500 for the price you have used(in GA).Also, you should stress test your property by changing numbers like 20% vacancy, 30% maintenance.

Get good data and stack it.

There is a tested and proven process to do all of this.6.

What is the source of this data? 

Burns’s data.

@Kat He, I need to improve on both rent and price comps, i’m trying to get more familiar with cap rates and interpreting data.

Meaning a test by a qualified 3rd party the day prior to move in with affidavit stating it was clear of all pests.