Who has done Lonnie deals?

[Ashan D]

i like the concept of buying a mobile home in cash, fixing it up a little, then structuring the payment terms so that the home ROIs 80+% a year for 3-4 years. But is this a feasible scenario?

I don't know anything about the tenants that live in these mobile home parks but I imagine they are transient and possibly have little respect for where they live. I'm scared that a tenant might just take off the day before the rent is due, trashing the place and leaving me the bill for the lot rent.

Is this a real problem with mobile home investing? Have you guys done anything to mitigate the risk?