Sellers often "cook the books" by underreporting expenses or overreporting occupied lots. Due Diligence Checklist for Mobile Home Park Operators

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.

Ask if the water lines are PVC, copper, or "Orangeburg" (tar paper pipes that collapse). Request a camera inspection of the sewer laterals.

Many older parks are "legal non-conforming," which can be a trap if you plan to expand or replace homes.

If it is "grandfathered," ask if you lose that status if a home is removed and the lot stays vacant for too long.

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