Sam Zell wrote an entire book about risk and reward a couple years ago titled “Am I Being Too Subtle?”. And there’s no question that these fundamental laws must be in a healthy balance in order for a deal to proceed. But what are the issues with risk and reward in this sector, and how can you model that into the perfect mobile home park? That’s the topic of this lecture. We examine what the typical risk vs. reward scenarios under various basic buyer tranches from low capital and high risk to high capital and low risk. We also pinpoint items of risk that should never be agreed to, as well as concepts on mitigating all risks in a realistic manor.