Looking at a Mobile Home tomorrow

[Andrew Otten]

Tomorrow I am looking at a mobile home in my area, west michigan, and it is incredibly cheap. The seller seems to be pretty motivated and the asking price is <$5k. The pictures show it needs some work but the seller says all it really needs it paint and carpet, she has updated alot of the other stuff recently. Im wondering what kind of things I should be on the lookout for? Im hoping I can buy it and rent it out but havent checked with the park management yet if they allow renters or not. If they do it would be pretty tempting to buy it and fix it up but not sure if its worth it to throw money at it. I am currently unemployed otherwise I would just buy a duplex. Mobile homes seem like a good way to get into 'real estate' without having tons of cash/credit.