Welcome back, Chris! We're happy to have you here! in the time between 2021 and today, we've added a lot of tools and a lot of materials to the course! Not to mention, we built a full-blown community! We have so many great people in this group (and we've just added another)! Thank you for embodying the MHP Pros spirt by sharing your story. By doing so, you are inspiring others like you! What's even better is that you have given us a word of caution on taking on too much in too short a time! That said, the endeavor sounds like it turned into a pretty sweet portfolio! Well Done! I'm sure in doing so you learned a ton, and I can't wait to hear more about it in our live sessions! If you have any questions, we're here. I hope you find this community to be a place you can lean on to solve any of your MHP problems (and we're also pretty solid listeners for non-MHP related problems as well).

@Ryan Narus look who it is!

This is so well stated. I cannot stress enough how important it is to get in-the-moment feedback on the specific challenges you are facing. Mentors ARE NECESSARY in EVERYTHING you do. Every professional athlete has a coach, even the greatest ones - you are a professional investor, what makes you any different? INVEST IN YOURSELF! I will always do this! I buy courses, mentorships, and masterminds TO THIS DAY!

Dude you are going to own the entire state pretty soon 😂

There's some foreshadowing here 😂. How did you find your last deal that you're referencing here?!

@John Evans This is hilarious. I love it!

Sorry for the delay in answering this, @Ned Palmer. I actually had a whole response written out, and then, unfortunately, it got deleted before I could post it! the lender is right to be nervous and confused about what the value is. Often times lenders will not lend on the POH component at all. In my experience, they will never lend on future infill. Of course, my experience is in value-add mobile home parks. Little to no one in this group has development experience. That said, there are many people in this group with infill experience, including myself. There's a confluence of factors that will affect a successful infill project. The first is affordability. How affordable are the homes you're bringing in, and can your tenant base support a $50,000 to $100,000 home sale, whether that be the downpayment OR the monthly cost of the "mortgage" aka chattel notes. The second is: Is home ownership even a quality of the market you're in? Many markets are rental markets, whether you offer really affordable homes or not. Some people don't want the headache of home ownership. To answer your questions directly, yes, I have had a tenant try to bring their own home into our developments, and we for sure incentivize them to do so by covering their transport costs. We offer rent concessions for the first 1-3 months, and we offer low down payments on our refurbished homes in order to attract tenants. We try and keep the total monthly cost below that of a comparable two-bedroom, one-bath or two-bedroom, two-bath apartment unit. And we also try to make the lot rent portion of that total payment as high as possible, making the RTO payment as low as possible. For instance, if a total payment is $950, we will credit $700 to the lot rent and $250 to the RTO payment. This increases the value of your park by artificially raising the stated lot rent on the leases, which in turn shows as a lot more RTO income to a bank or the next buyer.