Deal Analysis

In-depth guides for underwriting, due diligence, and financing RV park acquisitions.

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Underwriting an RV Park from Scratch

A step-by-step framework for building your first underwriting model. How to go from a broker OM to a defensible purchase price offer in under an hour.

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Reading a Rent Roll and T-12

What to look for — and what to be skeptical of — when a seller hands you financials. Red flags, normalization adjustments, and how to verify numbers with bank statements.

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Cap Rate vs. Cash-on-Cash: Which Matters More

Two investors can look at the same park and reach completely different conclusions. Understanding when each metric is the right lens — and when sellers use one to obscure the other.

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Financing Options: SBA, CMBS, and Seller Notes

A practical breakdown of the three most common RV park financing structures — how each is sized, what it costs, and which deals each structure fits best.

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Due Diligence Checklist: What to Inspect Before Closing

The full list: utilities, zoning, environmental, permits, leases, and infrastructure. What to hire professionals for and what you can verify yourself before spending money on reports.

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Value-Add Strategies That Move the Needle

Not all improvements are equal. The six plays that consistently improve NOI — and the ones that sound good but rarely pencil. How to sequence them for maximum value at exit.

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