However, for me it was truly refreshing to read a book which is not watered down in order to reach wider audience.

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.

This was our first time getting into a self storage deal, so we dipped our feet in the waters with a smaller deal.

It had minimal repairs needed because he basically remodeled it and I spent a total of about $5,000 for repairs, and to buy a new water heater, garage door and lift because it was a manual lift and I wanted a functioning garage for my tenants.

It had minimal repairs needed because he basically remodeled it and I spent a total of about $5,000 for repairs, and to buy a new water heater, garage door and lift because it was a manual lift and I wanted a functioning garage for my tenants.

Water/Sewer: $2000 ?

About 1 mile from the beach, but there is park water access nearby!

About 1 mile from the beach, but there is park water access nearby!

I imagine most home buyers wouldn't be interested in this home due to its curb appeal or lack thereof (maybe the flat roof, or the minor flood zone)😂 but hey, we are confident in the numbers!

There is a shocking amount of tourism there and young adults travel from around the county and the world to work at amusement parks and water parks in the area because the companies provide internships and work visas.