Buyer would definitely be an investor looking to rent out the lot for parking since its at such a premium here.

A few definitions to know in this domain of land development:Raw or unfinished lot cost = raw land prices divided by number of lots derived from land planning actions Finish lot cost = the cost of the land, development impact fees related to land, and common infrastructure (i.e. streets, sidewalks, parks, schools, etc)Residual land value (RLV) = analysis of home prices less all cost to complete and what remains is what a builder can pay for land.

Is actually a mobile home Park.

House isn't in terrible shape, but owner hasn't done basic routine maintenance in years either.

So I laughed at my agent when he sent me a mobile park but then I looked a bit deeper at this deal and got pretty excited.

Anyone familiar with area across from Forsythe Park and Wolf Lake Trail in Whiting,IN , would be willing to comment on the neighborhood and housing condition in general ?

A lot of manufactured homes and mobile homes in this area are in parks. 

Hey Talha,My name is Conor and I live in Lincoln Park.

The resort has many amenities (6 pools, 3 hot tubs, tennis courts, water park, etc.) on a big plot of land(33 acres).

I own a park and some 20 double wides on their own land.