Also keep in mind that in Florida that if your mobile home Park has more than 50% tenant owned homes there are some very powerful laws favoring the tenants in the state.Many large operators won't buy there because of this, or a very gun shy about it unless the economics for a specific deal are ludicrous.

Get ready for your economic vacancy to be very high with skips, evictions, etc.  

Lucy:Acceptable would be zero.However, in your analysis of a property, delinquency and evictions are typically captured in your economic vacancy allowance.   

Not saying any of these changes would make the deal doable, but see if there are a other ways to improve your economics.

@Willny Guifarro, your NOI will be close to $160K and here is why:Gross potential rent $576,000less 12% economic vacancy ($69,120)= $506,880 net rentless $4500/unit * 77 units in expenses: ($346,000K)= NOI: $160,380K$4500/unit annual expense may be too high or too low for the area but should not be way off.

The economics don't work.  

Think the current low price of oil, and the ramifications it has on communities that depend on it's economic strength.

There are a number of items that can seriously effect the economics of each lot in Los Angeles.  

Considering prices are up because of investor demand and not economic factors in many areas many people want out while the going is good.

Here are the main economic drivers happening in Downtown or North Everett where we invest right now:The comprehensive growth plan for Everett, WA (https://everettwa.gov/1395/2035-Comprehensive-Plan) has lofty goals of increase the population of Everett by 61,000 people from 2015-2035.