That being said, there are several other niche factors in operations and valuation for multifamily vs MHP, but MHP have less supply in solid markets which is makes the ability to scale much more difficult. 

We have a one-story triplex with a hip roof on a lot in the Nashville urban core area that allows for up to 4 units (and all are eligible for short-term rental permits).

I don't operate with even a hint of impropriety.

Reason is, for small operations, you'll need a personal guaranty anyway.Just beware of small business owners living and sleeping at your office condo, especially small one person businesses.

I also know a handful of small operators that do well, 1-3 deals per month, but it took them a bit to get there. 

BP,Very interested in investing in MHP space, listened to all the podcasts, etc but don’t have the confidence to make the jump to making an offer unless I can partner with an experienced operator.

Hello KenIf you have a Windows operating system, you can use the Snipping Tool.If you have a Mac:1] https://support.apple.com/en-us/HT2013612] Command+Shift-4CheersRobert

@Erin NewtonI understand this was a quick calculation but don't forget to account for the other operating expenses, utilities, capital expenditures etc.

Current owner has been operating it this way for 7 years so he is lucky to have gotten this far without any issues. 

LOL, Shweta - I have incorporated these points into my elevator pitch :)  I am just finishing up a $75M 506(b) equity raise in conjunction with an MHC (acquirer/owner/operator) client of mine.