If the park is master-metered, you pay the bill and must collect from tenants. Ask if you can sub-meter to pass costs back to residents.
Confirm if the park uses city water/sewer or private systems like wells, septic tanks, or lagoons. Private systems carry much higher repair risks. questions to ask when buying a mobile home park
If it is "grandfathered," ask if you lose that status if a home is removed and the lot stays vacant for too long. If the park is master-metered, you pay the
Never take a seller's word; get written confirmation from the city or county. Private systems carry much higher repair risks
Below is a featured guide of critical questions to ask sellers, local authorities, and yourself before closing a deal. 1. The "Golden" Question: Infrastructure & Utilities
Buying a mobile home park (MHP) is essentially buying a small utility company combined with a real estate business. Unlike traditional rentals, you are often renting the "dirt" while the tenants own the homes, which changes the due diligence process entirely.
Infrastructure failure is the fastest way to lose money in an MHP.