Lower tenant turnoverLower capital costsLower operating expense loads relative to other RE asset classesAccelerated DepreciationStrong demand via continue economic pressure on the middle / lower class + boomer retirement with insufficient savings Higher cap rates relative to multifamily assets of comparable qualityA few differences of 55+ vs family parks:Smaller customer base (perhaps not true in Florida)Higher operating costs due to increased amenities (clubhouse, pool, shuffleboard, gym, RV Storage, etc.).More organized tenant base with more time - might push for rent control Far fewer bad tenant problems - likely fewer collection / eviction issues Likely easier to finance as there are typically fewer park owned homes and the communities are more visually appealingLower going cap rates so one could argue higher risk, but lower exit cap rates so if you can dramtically improve the parks operations, you'll make a higher multiple for every marginal dollar of improved NOI. 

I've placed 2 breweries (and 3 crossfit gyms) into commercial spaces and dabbled in the arena a bit.

I'd much rather go fly fishing or to the gym.

The size is 24 by 60 3bed-2ba, the size of the park is 300+ mobile homes, double-wide, amenities are pool, Jacuzzi, club house, basketball court, tennis court, putting course, gym, street is paved, pets are allowed, security 24 hours.

Mission StatementMy mission is to be incredibly successful.I will accomplish this by dedicating 10 hours a day (7-5pm) to my success formula, 6 days a week.100% of my time will be given to help myself achieve my goals to have a happy, secure, fun and healthy life.My plan of action will include time at the gym, 1 hour dedicated to study, the completion of 6 daily work goals I create nightly, 30 minutes dedicated to meditation and self-awareness and fun time with the family.When I’m at home I will dedicate my time to my kids and will have no thoughts of work.My goal is to be successful, stress free and happy......Some of it's a little corny, I know...Thanks again,John

And yes they were much lower .I explained to her , he showered at the gym 4 days a week , he ate out most of the time , he had work uniforms so he did very little laundry , he turned on the AC when he got home , he didnt leave it run ALL day , and he shaved his head , no blow dryer or curling iron.

I could hire somebody to go to the grocery store, cut the grass, wash the car, and do a whole multitude of other things I am capable of...I bet I could hire somebody to go to the gym for me so I could spend my time on more profitable things....but then again, some things really are more important than profit...

actually im looking to wholesale it. the property doesn't need any work beside whatever changes the new owner would make. the 2 bedroom pulls in 1100 a month. the owner lived in the 3 bedroom but is currently moving out. i estimate you can get 1400-1500 on the 3 bedroom and another 800-900 on the one bedroom. i was also thinking you can rent each room separately to college students for $700 a room. marist college and the culinary are less than a mile away from the house, with vassar college and dutchess community college with in the city as well. there is a lot of room for profit in this home either way you go with it. safe neighborhood and great neighbors close to entertainment and the local post office as well as the hudson walkway and river. both hospital are a few minutes away along with the malls and good selection of gyms and restaurants and churches.

It really depends on the complex (age, amenities like pools, elevators, gym, condition of building, etc.)

Ok, I'm off to the gym to work off some of this "prosperity."