Buying empty mobile homes

[Stephen Sherwood]

Hey, been in contact with a seller that has 7 total mobile home lots, all have own utilities, 5 lots have old mobile homes on the lot, one was bought and 4 others empty.  He charges $350 lot rent per spot per month.  He wants $200k for all the land and empty mobile homes.  It’s in Colorado so rents are high.  Would you do this deal and rent out the other empty mobile homes after fixing them up?  Getting the $350 lot rents per month ($1750 total) would more than pay for the loan cost then renting the mobile homes out could get $500-750 each.  Thoughts? Thanks for your time everyone.

[Mark Brogan]

if the park is empty please make sure the county will still let you operate it as a park
@Stephen Sherwood, good luck to you