Mobile Home as Rental

[Pete Harper]

Looking for ideas on how best to use an in-town lot I purchased at sheriffs auction. The lot is 0.11 acres. I talked with the city and there are no ordinances against mobile homes, this is rural TX y’all.

I paid $2000 for the lot, city sewer and water hook ups will run another $2000. I could basically be able to put a mobile home on the lot for less than $10,000.

What are your thoughts? Long term rental or rent to own? My objective is long term cash flow.