Buying Mobile Home Park... Need Help & Advice!??!
Hello! I am currently negotiating terms for a small MH park in WA. This park only has 8 homes, 2 of which are park owned. It is 100% occupied, renters have lived there from 5yrs to 31yrs. Built in 1972. Asking price $135,000. Current rents total $1650. Owner was going to carry contract, then backed out. Any ideas or benefits for him, to change his mind? What are other financing opitons? What do I look for or watch out for buying a MH Park? 
Price seems high compared to cost of land in area, but still has positive cash flow...wise? Thank you for your help and ideas!
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