I Inherited a Mobile Home Park
Out-of-state heirs, incomplete records, and a property you never chose.
Inherited Arizona parks often arrive with a shoebox of records, tenants on handshake agreements, and heirs living in another state. That is normal and it is workable.
Estates commonly receive a stepped-up basis at date of death, which can dramatically change the tax picture of a near-term sale. Confirm this with the estate's attorney and CPA — it frequently means a sale now costs far less in tax than heirs expect.
What matters most in Arizona
- Get the rent roll reconstructed from bank deposits if no software records exist.
- Confirm who has authority to sign: personal representative, trustee, or all heirs.
- Locate the septic/on-site wastewater records and any ADEQ or well permits early.
"Don't have clean books? Don't let that stop you. Start with what you know."
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