Build a new one or buy an old one?

[Gigi Blanton]

Greetings all!

Question: Is it better to buy an older MH park or build a new one?

Situation: I have some 60 acres of land in upstate SC that I want to be able to use to create income. Problem is, it's wooded with no city utility access, no sewer, no water. I've thought about setting up a MH park there, (free land after all) but I'm wondering how much the setup would run and whether or not it would be worth the investment.

Me: Never had anything to do with MH parks, but I do own a couple of old MH's that I have fixed up and rented out on my own property. Pays my mortgage every month. :D I am very intrigued by the idea of MH park ownership, however, and no, I don't care at all about it's lack of sex appeal.

So....any advice/thoughts/concerns/hints?

Thanks in advance!