The Due Diligence Checklist That Saves Deals

Send us Fan MailA broker can send a pretty rent roll all day long, but that does not mean the money is real. We get into the due diligence moves we use to confirm income, uncover risk, and avoid the kind of “great deal” that quietly bleeds cash after closing.We walk through the core documents we request when buying a mobile home park or RV park, including trailing twelve months (T12) financials, the current rent roll, and the often-missed step that changes everything: bank statements. If the deposits do not reconcile with the rent roll and financials, we explain why that is a red flag and how to push for proof before you commit.Then we shift from spreadsheets to the stuff you actually inherit. Utilities and infrastructure are yours the moment you close, so we talk through reviewing utility bills, understanding who pays what, and paying qualified pros to inspect water lines, sewer lines, wells, and septic systems. We also cover tax assessments and why a reassessment can impact your underwriting, plus the tenant realities you need to understand before you meet residents.If you are planning a value-add strategy, we explain why we email counties and jurisdictions during due diligence to confirm what you can and cannot do, especially when “extra land” is tempting but septic capacity, permits, and rules can block growth. Subscribe to Property Profits Podcast, share this with a friend buying their first park, and leave a review so more operators learn to verify before they buy.Support the show🎧 Enjoyed this episode? Don't forget to hit the like button and subscribe to Property Prophets for more valuable insights and captivating conversations with real estate experts. Your support means the world to us! Follow Travis on social media for even more Real Estate Advice: www.facebook.com/travis.wells.7587Instagram :  / travisclaywells  ​TikTok: / travisclaywells  ​Linkedin: / traviscwells