Posted by bmbingham on May 13, 2008 at 10:56:49:
In Reply to: lot rent posted by John H. on May 12, 2008 at 19:06:44:
My suggestion would be to value the park at the current lot rent. That way after the purchase if your able to raise the lot rent a little it is just money in your pocket. You might be in for a financial crunch if your basing profitability of the park on a huge increase in lot rent.