When Does Owning A MHP Make Sense?

[Don Konipol]

Isn’t owning a MHP where you own the mobile homes and lease them out just the same as owning an apartment complex but with the greater problems of maintenance, low end tenants, etc.?  Isn’t the advantage of MHP ownership the fact that you own the land (pad sites), have limited maintenance and limited management, and that tenants tend to be long term because mobile homes are costly to move?