The biggest challenge (and this is what I had to learn the hard way) will be to overcome the decades-long stigma that has plagued the neighborhood and get prospective tenants to sign on.

Many developers in Houston deed restrict their developments to prohibit certain uses which could include MHs.

In development cycles there is a under supply,sweet spot,and OVER supply.A certain asset class can be over built and it is often times a race to market on who wins.If your project takes to long to complete and the market gets saturated by that time then you will have to reduce your anticipated rent rates and cash flow projections to bring in new tenants or you will have to spend more on amenities to justify them paying a premium price.Either way it will cost you more money.

There are so many problems that can develop that you are not prepared for.

Why not wait a year and see what develops?

Agents, developers, fix and flippers, wholesalers, bird dogs, etc., all get paid for doing transactions.

You might call and have a talk with one of the planners and see if you can get a feel for your prospects.

Only people who make money on timeshares are the sellers and developers.

The area was being re-developed prior to the downturn with developers buying tracts and scraping the buildings to put in the townhome complexes.

I have no idea what’s better for you, nor how you will approach these people, how effective your marketing is, etc.Your objective is to develop a target list of properties owned by deceased persons.