Am I crazy to try and buy 18 homes at once!?

[Daniel J.]

I've been learning a ton through various means for about the last 6 months and have made it my goal to acquire my first deal this year. While I have been open to mobile homes, it was not my intention to go that route, but more so pursue multi-family. So hence the somewhat open ended post. Through a family member I have been put in contact with an older couple in their upper 70's who hold 18 manufactured homes with their land who are ready to move on. Their son is the main one who will be handling the whole deal. I have talked a little bit to the wife, and I did at least learn that they are very well respected in the community where they hold the majority of their homes. They also have no real plans for the sales money except to just put it in the stock market or something. The county appraised value of the 18 properties is around $900,000. 16 of them are all in one deed restricted sub-division. The other 2 are in a separate sub division. What are some of the questions I should be asking in regards to them being manufactured homes vs what I would ask a seller of a SFH or MFH? Any other advice thrown in would be appreciated too. I'm hoping they will be open to seller financing.

Thanks!

Daniel