Lease now and own later-Mobile Home

[Ram B.]

Hi All,

One of MHP(Mobile Home Park) owner has given a option to lease the park with 20% down and buy anytime within 2 years option. Right now I have problems in getting Finance as I am a international user. Later I may get it from private lender/bank.

MHP Sale Price-175K

Gross Rents -25K

In this period:

1) I can develop the park(get repairs done to 4 MH and/or get new homes-licenced for 20 more etc)

2) Collect all the rents

3) Pay them monthly lease-$1000

I am just wondering the pros and cons of this deal. Experts please comment. 

Thanks,

Ram