Thinking about buying mobile home for rental

[Brian Mathews]

I've run into a situation where I might be able to buy 1-3 mobile homes. 1 single wide for around $20K and doublewides for $24K. You have to leave them on space which is $320 month and single rent for $825 and double $925, that is lot included. I might be able to get them a little less if I buy 2 or 3. They are 1998 and newer. I don't know a lot about mobile homes. But $500 and $600 month after lot rental and before repairs seems pretty good. I will assume there will be no property taxes since on somebody else's lot. What does insurance typically cost on one of these? Can you depreciate these like you would a normal stick built rental home? I know these are different guidelines, more similiar to buying a car than a house. I think they even have a blue book for them.

Thanks.