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

The end of 2025 was busy, but incredibly educational. After working through the coursework and connecting with some great people, my business partner and I were introduced to a mobile home park owner who needed to sell due to broader financial challenges across his portfolio. The deal itself was complex. There were three lienholders on the property, with the third-position lienholder having the largest stake. Despite the logistical challenge of me being based in Denver and the property located in Lubbock, Texas, we met multiple times, including a few long lunches, to work through the numbers. Oftentimes, driving through the night to get there in time to meet for lunch. Initially, the deal looked solid: a $1,050,000 purchase price structured with 50% debt from a first-position lender and 50% seller financing. In reality, that “seller financing” came from the third-position lienholder, who agreed to defer payments for the first 18 months. We moved through due diligence smoothly, applying everything we had learned. However, new legal issues arose, including undisclosed liens and judgments, which ultimately caused the deal to fall through. We continued working through the challenges, speaking with multiple banks and even finding one willing to finance the deal with NO money down. Just as momentum returned, the first-position lender discovered three years of unpaid property taxes that he didn't know about. Shortly after that, he decided to foreclose. Even though we didn’t close, the experience was a win in many ways: - We gained confidence in presenting numbers and business plans to lenders. - Bankers and brokers recognized the depth of our due diligence. - We applied the coursework directly to a real opportunity. - Most importantly, it confirmed that the process works. Grateful for the lessons, the support, and the clarity this experience brought. A huge thank you to @Ryan Narus and @Michael Pansolini for building such a valuable platform, and wishing everyone a great start to the new year.

Man I met with a seller 7 pad. Direct billed utilities. Sadly another cold caller already has 200 pads locked up of multiple smallish parks from them of 10 units plus and most of the public utilities. But they got more units of tiny properties scattered and solid seller financing. Going to take a look at it all. This one 20 year note. Want me to hold, 5% interest, 5% down. Made sure not to lock myself from refinancing but they did ask about it. But they are business people themselves and said hey if you find a big park and need the money then that’s fine.

Curious to hear feed back on this, would you prefer Metron or Dune meters? Both are pretty close on pricing, one has to be installed inline and one gets put on the pipe under the home. I like them both. Let's hear some input.

Park closed this week in Hinesville, GA 29 pad with 22 occupied