The mobile home parks I've worked on have always had a mix of properties: single-family residences, duplees/triplexes, spaces for single-wide/ double-wide trailers, RV parking spaces (these have license plates), marina/boat parking spaces and regular vehicle parking spaces, so it can take quite a while to figure out what everything was and who owned/ was responsible for it.

Hey, Jack -Same boat as you, also in Cleveland.

And I'd press for what other assets he can present to secure it, an auto, boat, lemonade stand, whatever.

What materials did you use/how did you layer them for your Boat/RV self storage parking lot? 

Navarre, FloridaCondo: Studio, 1 bathroom, bay view, fishing pier, pool, gazebo, boat parking, sleep 4Purchase Cost: 290kInterest Rate: 7% Closing Cost: 3% ($8700)Cap Ex: 10%AirBnB Fees: 3%Management: None (self managing) Loan: 10% Down; Conventional Second Home Property Taxes: $3388/yr (from county assessor's office) HOA: $523/month (includes cable, trash, maintenance)Assessments: $5600 (based on neighboring unit)Insurance: $1800/yr (based on neighboring unit, condo covers exterior of property)Internet: $55/month (Googled average; basic cable in HOA fees)Electric: $131/month (Googled average)Water: $25/monthMaintenance/Repairs: 1.5%/month (based on maintenance performed in 2022)Gross: 43k (based on neighboring unit, is on par with the 75th percentile for AirDNA and similar properties on Rabbu)State tourism taxes: $245/yr (based on neighboring unit)BP Calculator: Monthly cash flow: -$55 /moIncome: $3,583 /moExpenses: $3,638 /moCoC ROI: -1.76%

We are in a market where people pay a lot of money to go fishing and boating-big trucks, big boats, big wallets-those are the customers we want, and they generally treat our homes well.

The tenants we have are in the same boat.

Also what about a expensive boat dock..

Hello Sean, I am in the same boat as you.

My wife and I split our time between our live aboard boat in Marina del Rey and the desert amidst adventures to all corners of the globe collecting ideas to develop unique properties.