When you put a mobile home park under contract you will definitely want to have a stipulation in the contract that will allow you confirm what the seller has said so far as well as assess the overall feasibility of obtain. Due Diligence will examine the physical, economic, demographic and market feasibility of your project. This time period is usually between 30 and 60 days. In conducting your due diligence you are looking to recognize anything that poses any issue and that you're able to change or fix. These usually along with the cleanliness of the park (junk & trash piled up), mismanagement, lack of rule enforcement, collections, expenses that can be refined.
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