Then, any true profit after that gets split 50-50.There are a lot of nuances about how either of the parties may get paid "normally" but in general this is the approach I'm toying with taking if I try this scenario some day.

If you have a large enough pool of captive customers it makes these sorts of businesses great additional opportunities.Another example we have been toying with is a carpet cleaning business.  

@Matt R. it will definitely be interesting to watch the city grow and change over the long haul.

If you never plan to sell and are in it for the long haul than I think the math works out better for you.

We have toyed with the idea of imitating realtor listings that do delayed showing to list our house now so potential buyers are aware of it, but we're still a week or 2 away from being show-ready.

Started looking in other states but find that ca seems to fair a lot better over the long haul.

Solid jobs, good income, stable, lots of toys, and raising families...

Well if I had unlimited VA's I would have them start typing on unlimited keyboards until one of them wrote the worlds best screenplay or book, which I would then have published and sell the movie and toy rights :)

Saw one hauled down the highway recently (with below zero value, counting disposal)..For a shield, maybe show them what a duplex sold for ten years ago in your area versus a mobile and where they are today in terms of appreciation (you could also make a good case on cash flow, especially with park/lot fees, but for a simple "wow" figure, that may do it)...The ones on a lot that are affixed to the ground do better here, but the ones in  the parks are personal property here (and I suspect elsewhere) and you get killed on the lot fee, and the construction is not ideal for durability in my climate. 

However, after chatting for a bit the PM mentioned an owner of a 16 unit portfolio that the owner was toying with selling.