The Best Ever CRE Show JF 4179: Why Mobile Home Parks Are the Most Underappreciated Affordable Housing Asset ft. Amanda Cruise
Feb 12, 2026
Amanda Cruise, owner of Voyage Investing and experienced mobile home park operator, walks through why these communities are an overlooked affordable housing asset. She discusses declining park supply, tax and macro advantages, infill and infrastructure value plays, management models for different park sizes, and what to vet before investing. Short, practical, and focused on strategic opportunities.
AI Snips
Chapters
Transcript
Episode notes
Use Infill To Create Predictable Value
- Target parks with existing infrastructure and infill opportunity, then buy and sell homes rather than rent them.
- Invest modest setup capital per lot to convert empty pads into $40k-plus added value when executed correctly.
Avoid Well Water Liability
- Avoid parks that rely on private wells because they create testing, treatment costs, and liability.
- Prefer city water or pay to run municipal lines to remove water-provider risk whenever feasible.
Sub-Meter Utilities To Protect NOI
- Sub-meter utilities when it makes sense to shift costs to residents and improve NOI, but only where the setup is justified.
- Expect utility billing to be operationally painful but value-accretive long term.