I've got a park I'd like to submit an offer on...$180k with 9 POH's that rent for $600 each. I'd like to sell off the homes, but any way you slice it, this one looks like a good deal. I have a PSA I've always used for homes. I'm aware I need a longer due diligence period than is standard with homes, but I'm not sure what else is involved with the contract. Do you guys have a standard PSA you use for MHPs, or what would you recommend here? Thanks!

A couple of questions about syndications: (I know the answer is it depends but trying to find a industry norm) 1) In your experience does the GP team get actual equity in the deal or is equity reserved for how much cash you put in? and just say for example 70/30 split is just a carry? 2) If you do get equity regardless of how much the GP team puts in, Does the GP normally get a part of the depreciation? The reason I ask is I had a bigger investor that came from the apartment world that thinks these two scenarios are crazy. Then I started wondering if I'm out of touch with whats normal or if he was just use to the apartment world or maybe this is what bigger investors think. Heck maybe I'm just completely wrong about syndications all together. Just looking for feed back on what others are doing. Thanks again

What can you do when the seller wants a POF and you are buying parks through a syndication? The broker told me he can’t work with us on parks because it’s a syndication and there’s no POF, lol. Is there any way to show some type of POF for a syndication let’s say if you don’t have a bunch of money in your own bank account? Any work around that you guys have been able to use in this situation? TIA @Michael Pansolini @Ryan Narus

I am looking for a broker because I am interested in a park and would like to get closer to the owners. The park is not for sale.

Hello all, currently looking at a park in the GA market, city will not allow a home sitting vacant for more than a year to be occupied, is this something i can hire a lawyer to help fight if i buy the park, i am assuming if a park is grand fathered in before an ordinance is this still something we can fight with the help of a lawyer