Is mobile home park a good investment?
typical tenant of mobile home park lower income, or on public assistance. of course, there exceptions, i'm talking average, typical tenant.
such, risk of unpaid rents high, along risk of damage facilities, illegal drug factories, domestic violence, gang activity, crime etc, etc.
risk of being sued in case gets injured or killed in park high, , insurance rates reflect risk.
difficult raise rents because of higher chance of tenant's inability pay.
if can relatively sure can good, long term clientele, other investment turn out you.
suggest research thoroughly before proceed further.
thinking investing on buying mobile home park in sandiego. need start? thank replies , suggestions.
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