Buy cheap Lot + move cheap mobile home onto it ?

[Alex Locklear]

Looking into buying a cheap (5K or less) lot here in NC in a small town within 20 miles to a major city (Raleigh,NC). My plan is to find a cheap mobile home (5k or less) and having it moved onto the lot. Would have to add septic and water (well) and have priced that out to about $10,000 for both. I'm hoping to be all in for around $20,000 total. 

My plan would then be to sell the house on owner financing/rent-to-own and then eventually just charge a lot rent. Do this, rinse, and repeat. 

I know most people are traditionally looking to do either Lonnie Deals inside an existing park or owning the parks themselves. Curious to know if anyone is doing this particular strategy? Buy cheap land, move a cheap mobile home onto it, sell it via owner financing and then just rent the dirt...