Vacant Lots and Replacing Older Units

[Greg Tawes]

I have a question, I'm looking at a small park in a rural market (maybe 30 lots). There are about 15 vacant lots and 15 with mobile homes. Do you ever have to bring in the homes yourself for spec? Do you buy them all new? Will the manufacturer typically provide financing to the landlord for these? I just don't think I'm in a dense enough market for folks to see a vacant lot and decide they are going to go buy a trailer to put on it. However, if there's a decent trailer already in place I think a rent to own scenario would work. Any recommended strategies?