[Mark1808]

I am invloved with commercial real estate, not this type of mixed use residential property, but I would want to know:

How much land?
What are land values in the area?
How is the property zoned?
What are expenses / revenues last 3 years.
How much would new mobile homes cost?
Could the property be sub divided and individual pieces sold?
Could individual mobile home pads be sold?
Why did past two operators fail? What were their revenues / expenses?
Why does the owner want to sell?
What are the anticipated annual reserve requirements for future capital expenses.

In my experience it is very easy to play games with revenues and expenses to make a property appear more profitable than it is. Why would an owner give up 10% to 20% cash flow in exchange for a much lower paying note from seller financing?