Diversified work industries is important in the area of choice, neighborhood safety (no D or C probably), among other things.  

I am sure that a lot of you have been in the RE industry for many years and have experienced market turns for the better or worst.

A general valuation formula many in the industry use is: # of economically occupied lots * monthly lot rent * 70% (assuming 30% of income goes to expenses, common for parks on city utilities) * 12 (months in a year) / desired cap rateFor this park at a 10 CAP (many parts go for lower cap rates now, but small parks might still go for a 10 CAP), that makes: 21*298*.7*12/.10 = $526K . 

I probably would not pay more than 10% or 12% of its retail value.

Have you considered other commercial property, such as office, retail, or industrial space?

I'm a commercial real estate attorney, currently only invest in industrial/warehouse, currently have 75k sq ft in DFW.

best guide you.I service the Chattanooga, TN market, which has a strong tourism industry and many STRs that do quite well (plus it's a fun place to visit!).   

We will host speakers from every part of business and the real estate industry such as successful investors, business owners, contractors, financial planners, real estate agents and brokers, electricians and many more.

When you say commercial RE are you referring to commercial as in office/retail types of buildings or multi family thg will require commercial financing?

Contact your congressperson and demand a total and complete overhaul of the appraiser industry.