There's also the difficulty to rent the spots since not everyone own a mobile home to park at the lot.

Using some basic knowledge I know the more expensive the project the more I should charge, but then how do I find that sweet spot where the project pays for itself and other things while not turning away potential tenants?

South City is a great spot.

Alec: Let me make a suggestion that if you mother-in-law is really in a spot to move (I don't know what her motivation is for moving) then if your future wife has good credit etc.. then work with the lender for simple assumption of the mortgage. 

So my only value add component here would be to add more spots and fill them, right?

I recently bought 21 Indian Lane, a sweet spot between Asheville and Weaverville with three singlewides and happy tenants. 

There are tons of great homes closer offering easy access to great eateries and entertainment spots that you would be competing with.  

@Amine Nhila I think those amounts and percentages are spot on.

Make it hard to spot the General, by working like a Soldier.

@Chealsea Hayes I look at asking price compared to income-and not just information I am given by the seller or broker; too much and too little income are equally bad. .9%-1.3% is kinda' my sweet spot.