Most investors chase apartment buildings because they're familiar. Few stop to ask where the best risk-adjusted opportunities actually are. One asset class continues to be overlooked mobile home parks. Why? Because the fundamentals are different. There is significantly less competition than traditional multifamily. New mobile home parks are rarely developed, creating a limited supply of quality assets. That supply constraint matters. Tenant turnover is also lower than many people realize. Moving a manufactured home is expensive and often impractical, so residents tend to stay longer. Longer tenancy can mean more predictable occupancy and lower turnover costs. Then there's the cash flow. Well-operated mobile home parks can generate strong, durable income because expenses are often lower than traditional apartments, while demand for affordable housing continues to grow. That's why experienced operators have been quietly acquiring these communities for years. At Fund I, we're app...