Mobile/MH home in New Mexico as vehicle or Real Property

[Charles Morgan]

I just bought a 1994 2bed 2bath mobile/manufactured on it's own property for $6000 with a friend of mine. It will be a rental when she moves out, in this area $400-$500 would be a good price that should get it rented quickly. It does need a bit of repair to the roof and fixing up in the master bath. The property is on tax rolls at $10,000, the MH is listed at $14,000 and still has vehicle title. I was wondering if I should go ahead and turn it into Real Property or keep it as a vehicle in case I decide to sell it off.