Analyzing a mobile home for house hack

[Stacey Ocampo]

Hi bigger pockets! This is my first post and was wondering if a couple of you guys who have more experience can help a lady out! I currently live in SoCal and don't have any deals. After listening to the podcasts, reading, and learning, using the calculators on this site, I want to take action and found a 4/2 mobile home that is selling for 139,000 with an estimated monthly payment (Calculations from redfin) of $633 and another $1200 for land lease amount monthly. I was thinking of using an FHA loan since it would be my first home/deal and live in one of the rooms and the others for rent(house hacking). Since I am extremely new and am eager to get excited, what would be the first steps and further steps to take on this? What do I need to know before going into mobile homes?

[Alejandro Garcia]

Be careful because most parks don’t allow you to rent. Will be especially noticeable if you have multiple cars in and out. If the park shuts you down you are stuck with the house and unable to house hack