Some park owners ended up in a "term default" during this period due to bad luck or the failure to start early enough in obtaining a refinance given market conditions.The only difference between the two asset classes during and after a recession is that the demand for lower price-point housing costs is higher ($280 national lot rent average in mobile home parks vs. roughly $1,250 per month in apartments) so the phone rings a whole lot more at mobile home parks and the potential to raise rents is much greater given the fact that mobile home park lot rents are absurdly low to begin with, as a result of mom & pop "quantitative easing".

The major employers in Pierce county are the Military and Healthcare - neither of which are at risk of picking up and leaving.Depending on the asset and submarket, some people think their property is worth more than it is (and they're getting it) so sit and watch for the right project for you.I disagree with Mike (above) on two points.

But one of the toughest questions that I am facing, and I wonder if anyone else faces it, is WHEN to abandon (sell) an asset and redeploy that capital? 

I personally would diversify - turnkeys, syndications, and other asset classes as well.

In June 2018, the company made their first foray into the MHC space, acquiring a 14-asset portfolio for $172M.

I make my business primarily on Nassau County properties through developing and asset-based (hard money) lending.

Who's gonna lend money to a young greenhorn with no assets or deal history to back it up? 

When people say they are not making money with a rental when they are only looking at cashflow is to me something that says there is some learning that has to happen.You make money in real estate by the followingCashflowEquity CaptureDebt PaydownDepreciationAppreciationBased on those factors if you are telling me that you are losing on all 5 fronts then just like owning a stock you should sell the asset.

Delaying a few liabilities to build up cash flowing assets is definitely the optimal route to take 

I generally find that in the general solicitation/digital advertising realm that advertising is just the stepping stone, but really reeling people in requires a lot more.