In 2017, we bought a 14-unit mobile home and RV park for $495,000.

At first glance, it looked like a small, stabilized deal. But we dug deeper:

  • We pulled 75+ years of historical records and discovered the park had long operated as an RV campground—even though the county had only started classifying RVs as residential units in the late ’90s.

  • We identified 15 abandoned spaces by locating old utility hookups and matching them to archived maps and aerial photos.

  • We worked with the county to re-establish the historical density, growing the park from 14 to 29 revenue-generating sites.

In 2022, we refinanced the asset at a $1.8M valuation.

What’s the takeaway for investors?

You don’t always need new construction to create housing—or value.
With the right local knowledge, historical due diligence, and strategic permitting, it’s possible to:

  • Increase unit count without expanding the physical footprint

  • Generate outsized returns from small, overlooked assets

  • Deliver new affordable housing supply where others don’t even see opportunity

This approach doesn’t follow the conventional playbook—and it carries some uncertainty.
But when executed well, it produces real, compounding results.

There are thousands of properties just like this across the country.
The opportunity isn’t always obvious—but it’s there for those who know where to look.