Any good/bad experiences with purchasing mobilehomes.repairs/fees

[Derrick Gamez]

Seems the majority of homes in my target price range of under 150k are mobile homes in a community. I plan to rent the property. Mainly wondering if its a good first "type" of house to buy. Being that it seems more susceptible to repairs. Then again I don't know too much about mobile homes  (should consider buying one then?). Any surprises that come with mobile homes that are not typical to a usual home? Does this community provide property management (with a fee?) or is that up to me to provide/ hire? 

There are other houses that are not mobile home units in my price range, however they are much older/need repairs/bad neighborhood/etc.. So contemplating going with a nicer looking not so bad of an area mobile home. 

Any wisdom and advice is much appreciated! Thank you!

[Anthony Conway]

We own mobile home parks in Charleston, Sc and have investors that own some houses in our parks. We help investors purchase brand new homes set them up in our parks and manage them. This has turned out to be a win win for both the investors and us. You can purchase brand new mobile homes straight out of the factory for 40-80k depending on size and finishes. We are getting an average of 300 per bedroom, so 3 bed, 2 bath rents for $900. Lot rent is between $300-350 depending on double or single wide, management 10%.. investors can use self directed IRA’s, cash or finance the mobile home purchase. Here is a quick break down

Purchase new home 60k
Rent for $900
-10% management -$90
$810
-$300 lot rent
=$510
Taxes - $30 per month
=$480
Insurance optional -$30 per month
=$450
Still have to account for cap-x, depreciation, damages, vacancies all that.

This is just to show you some quick numbers and to make you see that you can purchase brand new mobile homes from the dealer with 5 yr warranties for way less then the $150k price you were talking about.