Two investors evaluate a Florida mobile home park deal and identify six hard deal-breakers: price under $215k, unapproved expansion, maxed septic, floodplain risk, undocumented capex, and inflated one-time revenue. They want detailed financials and utility expansion docs before moving forward, plus a feasibility study to justify the projected $302,000 NOI.
Right here, it shows that the hard no-go is under 215, expansion not actually approved, septic well capacity is maxed out, floodplain risk limits usage, CapEx claims are undocumented, and revenue is highly underdependent and inflated by one-time event. So a soft go, it's only worth pursuing if the seller provides financials and utility expansion documentation. We've got a soft go and a no-go. Let's do a feasibility study of this park. And in this area, show us what the current market conditions around this area are to help support any pro forma of a $302,000 NOI. Trevor, if you got that mobile home park development already ran and ready to go, go ahead and start sharing your screen and we'll stay here. And then as soon as, as soon as we're done here, we'll jump over to your—
So this is the one I mentioned yesterday here on the East Coast of Florida. It's raw land. About 10 acres. Got this sent from a wholesaler. I requested some more information since running this, and I actually just plugged a lot more into it. This was the stuff that you guys told me to check on Opportunity Zone, which I do need some guidance and help with.
