cheap mobile homes in a trailer park

[Casey Walker]

What are your thoughts on buying cheap mobile homes in a trailer park and renting them out? I could buy a trailer on site for 15k, fix it up a little for 5k and then rent it out for $800 a month. The lot rent is $400 so that would leave me 400 a month for vacancies and repairs. You could end up with 200 per month in cash flow from your 20k investment. I understand that the mobile home is going to depreciate to 0 eventually. We have other nicer rentals that cash flow and appreciate, this would be to offer some affordable housing where there isn't much and a smaller purchase price for us to add more rentals.