Looking at a park that has three POH but the seller does not have title to these homes. What are some things to consider, negotiate into the deal? -Ask seller to retain "ownership" and collect space rent until he can produce title? Have first right of refusal once title is obtained? Thanks- Jason

What’s up everyone, Chris Kelch here. I was in one of Ryan’s Legacy mentorship groups, and his mentorship was huge for me. I'm grateful that Michael and Ryan have launched this program. In 2022, I purchased three heavy value‑add mobile home park projects at roughly the same time. I'm only now getting to the other side of that push: back above water and set to close on a big refi for those deals in a couple of weeks. My original strategy was “all value‑add, all equity multiple” so I could stay bootstrapped. Looking back, I wouldn’t recommend that. The risk of total burnout and the whole thing coming apart is very real. So going into 2026, we’re pivoting: I’m taking Ryan’s advice and only taking on one major project at a time. That said, taking tired trailer parks and turning them into thriving manufactured housing communities has been extremely fulfilling. No words can describe how incredible it is to hand over keys to a resident who never thought they'd be able to afford a home. Being the first real landlord after a long line of slumlords. Actually giving a sh*t about a park and investing back into the community as opposed to sucking the life out of it. This industry is so rewarding if approached the right way. I'm looking forward to catching up with everyone here!