In episode #92 of the MHP Show podcast, I deliver a comprehensive breakdown of mobile home park underwriting fundamentals - the essential skill every successful investor must master. Using a real 26-pad Florida deal as a case study, I reveal how to gather critical data from sellers, calculate accurate expense ratios based on different utility setups (direct-billed, master-metered, private utilities), and properly value various park assets including park-owned homes, vacant lots, and RV spaces. You'll learn multiple mobile home park valuation methods including cap rate analysis, price-per-pad metrics, the 1% rule, and cash-on-cash return calculations - giving you a complete framework for evaluating mobile home park opportunities in any market.

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