Mobile Home Park Conversion (Park-Owned to Tenant-Owned)
Acquire mobile home parks where you own the homes, then convert to tenant-owned homes model by deeding homes to tenants for free or cheap. Tenants continue paying lot rent while taking over home maintenance. Reduces HVAC, flooring, and repair headaches. Can operate at strong cap rates (10-11%) even after giving away homes.
Startup Budget
$200K – $2000K
Difficulty
Advanced
Business Type
Offline
Location
Rural
Time Commitment
Part-time
Revenue Potential
$100K-$500K+/year in lot rent income
Skills Needed
Watch the Full Breakdown
Watch on YouTube — Chris Koerner
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