When Buying a Mobile Home Park, Remember: You’re Not Just Buying Real Estate, You’re Buying Drama

So, you’ve decided to buy a mobile home park. Congratulations! You’re about to enter a world that’s equal parts real estate investment and reality TV drama, with fewer commercial breaks but just as much chaos. Before you get too excited about your new venture, let’s talk about the conversations that happen when you’re in the process of buying one of these parks. Spoiler alert: they’re never as simple as, “Here’s the money, where’s my title?” No, no. This is the mobile home park world, and everything is a negotiation, an obstacle course, and occasionally, a therapy session.

You’re sitting there with the current park owner, some guy who probably has more stories than teeth, and he’s telling you how the place is a “goldmine.” Which, you know, is technically true, if you’re okay with your gold being buried under a sea of unpaid lot rents, septic issues, and a feral cat population that rivals the human one.

“Look,” he says, adjusting his baseball cap like a man who’s done this dance before. “The park basically runs itself.”

Let’s stop right there. If anyone ever says their mobile home park “runs itself,” what they actually mean is that it’s teetering on the edge of disaster, held together by duct tape, prayers, and maybe one overworked maintenance guy named Doug, who’s one flat tire away from quitting. But here you are, nodding along, because you’re trying to keep the deal on track, and there’s no polite way to ask if “runs itself” is code for “you’ll be living on-site in six months, armed with a plunger and a bottle of whiskey.”

Now, when you ask about the tenants—you know, those people who are technically paying your bills—there’s always a long pause. The kind of pause that makes you realize the seller is stalling to figure out how to spin the fact that half the mobile homes look like a set from Breaking Bad.

“Oh, they’re good people,” he finally says, but there’s an unmistakable but hanging in the air. “A little behind on rent, maybe, but nothing major. They just need someone to, uh, be a little more present, you know?”

Translation: No one’s paid on time since the Bush administration, and the closest thing to “management” is the retired guy in Lot 23 who keeps an eye on things from his porch, which is also where he brews his own moonshine. But sure, nothing major.

At this point, you’re probably feeling a little overwhelmed. You might even start thinking, “Maybe this isn’t such a great idea. Maybe I should buy a Starbucks franchise instead. At least they have a corporate manual.” But before you can back out, the seller hits you with this gem: “You’re not just buying the park, you’re buying the community.”

Oh, great, the community. The mobile home park world’s version of “You’ll love the neighbors,” which you won’t, because one of them will inevitably throw a barbeque that ends in sirens and a police report. But you smile, because you’re trying to look like someone who’s ready to become a community leader—even though deep down, you know that managing a mobile home park community is less about leadership and more about convincing people to stop using their front lawns as storage units for broken lawnmowers.

And just when you think the conversation can’t get any weirder, the seller drops the final bombshell: “You know, we’ve never had a problem with the septic system.”

Let me tell you something—if anyone ever tells you they’ve never had a problem with the septic system, start running. Because that’s like saying you’ve never had a problem with gravity or taxes. Septic problems aren’t an if, they’re a when, and in mobile home parks, they tend to make their debut at 3 a.m. on a Sunday during a rainstorm, with a level of drama that even Hollywood can’t script. But again, you nod, pretending to believe that somehow, this park is the one magical exception in the universe where raw sewage doesn’t make a surprise appearance every now and then.

At the end of the day, the seller shakes your hand with the enthusiasm of a man who can’t wait to be rid of his headaches—sorry, park. “You’re gonna love it here,” he says, with a twinkle in his eye that suggests he’s either lying or in on some cosmic joke.

And as you drive away, paperwork in hand, you realize something: buying a mobile home park isn’t just about real estate. It’s about stepping into a world where conversations never mean what they seem, where every reassurance is a red flag, and where “community” is code for “this place is about to get interesting in ways you can’t even imagine.” But hey, at least now you own the septic system. Sort of.

And if things go south? Well, there’s always Doug. Just pray he sticks around.

Jason Ramshaw

Jason Ramshaw is one of the nation’s leading experts in affordable housing, known for his strategies, his groundbreaking work continues to transform communities, making homeownership achievable for all.

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