Also its work they asked for and was something that was a very big complaint when we did a walk through before we bought the property and we are following through with it so i don't understand the resistance.

Usually that means water/ sewer bills through Cleveland Water and NEORSD.

Because these parks are often under the radar, there’s less competition, allowing investors to secure deals at attractive prices.Lastly, mobile home parks are recession-resistant.

While there is some predictability in certain outcomes/situations - what we have found is the "path to least resistance" meaning the less the borrower has to do the better.

At the same time, it might be more cost effective to install coin op to lower laundry usage overall and add a bit to my water bill.

Under the $100k property example, something as common as having to replace the sewer line will put you under water and you are more likely to have to come out of you personal reserves to cover operational/cap ex expenses or debt service than in my $6M loan example.Remember cap ex and operations are normally more easily absorbed in the A location assets.

While no properties actually flooded, the entire area was a disaster - roads destroyed, rescues, loss of power, and loss of safe drinking water than lasted for two weeks.  

We were able to work a deal in the last 2 weeks before it was finalized, we had to pay the max amount of interest for back taxes and water bills and liens on the property.

However, I am worried about the outdated electrical and water systems for safety concerns.

It really depends on the scenario.If someone is in deep waters, BK, foreclosure, terrible credit, etc.You don't want to be above 60% LTV as that borrower has an incredible risk of default.