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Updated over 7 years ago on . Most recent reply
States to Avoid for MHP Investing?
I'm looking for mobile home parks within three hours of the KC metro area. Through the BP forums, I learned that in Illinois it might be a big pain in the rear to evict a tenant who owns their own home. (It was said I'd have to move their mobile home, at my cost.)
Does anyone have opinions on owning MHPs in the midwest? (Specifically looking at Missouri, Kansas, Arkansas, Oklahoma, Nebraska, Iowa...) Are there any states with less-than-desirable traits/state laws/tenant rules?
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"Are there any states with less-than-desirable traits/state laws/tenant rules?"
@Laura H. I asked the similar question 2 years ago on MHU forum. People told me to avoid NY and CA because those are tenant friendly state and both have rent control.
My personal take is if the deal makes financial sense so the "Margin Of Safety" is big enough, I will invest in any state.