I would call local lenders around you to get a better idea. But I think most even with rv lots will take a look at the books and see your long term occupancy of the lots by mobile homes and still give a value for the income. One thing to think about is the price you are getting it for work with just refinancing based on just the 5 lots.

Yes definitly wanna have escape plans and think about bank financing down the road for yourself or future buyers if not cash/seller financing.

@Jordan McCoy great thing with section 8 you can just look at the fair market rent for that county and raise pretty close to it and they will say yes or no. In my county it’s above fair market rent by a couple hundred dollars.

Depends on the seller and how they responded to you. If you offer was just a dart at a wall or actual interest. I have a seller who I meet/see every month for the past year and a half lol(real estate meetup). I know they were talking selling last year and I was pretty hot and heavy and could tell that dosent work with this seller/ (was fixing park up first). Didn’t say anything about it for the first three months of this year. Finally brought it up again this year and finally selling it confirmed this year after they fix up ONE final unit before taking it to market( to me 😉) Meeting a different set of sellers tomorrow, just they are seperate partners and one has little kids and the flu going around, has pushed the talk between the partners off for a couple days. So it wasn’t my offer just life lol

@Michael Pansolini that’s a pretty awesome requirement/ team.

@Caleb Hogan 🙌

I think it’s definitely worth a shot. I do still think just being in contact with the owners consistently will eventually get you one owner saying hey wanna buy the whole park. Health is wealth!