Manufactured Home Rentals in Northern CA

[Chad C.]

Hi All,

I was just checking in to ask a few questions specific to manufactured housing in CA.  Manufactured housing in my area seems to be of a high build quality comparable to stick built homes, while running right around 50% of the cost per square foot.  Assuming the numbers all add up (what an assumption right?) would the idea of developing lots and placing manufactured homes down for rent be foolish?  In CA you can convert a manufactured home to real property if placed on a foundation.  

Am I missing huge pitfalls here? 

Hopefully this hasn't been beaten to death in the past!

Thanks for any information!