HUD manufactured home flip concern

[John Baskin]

Hi all,

I just got an acceptance from HUD for a stationary manufactured home in Granbury, TX. The inspection came back fine and I got it accepted by HUD for $73K--85% of list price. The area is nice in Granbury, TX and is near Lake Granbury, and comparable slab homes are going for $150s. However, I've read a lot of mixed reviews on manufactured homes having high DOMs, poor resale value and being hard to finance (thus reducing my pool of buyers.) This gravely concerns me as this was going to be my first flip and was going to be done with hard money.

Since this is my first deal and I don't know whether this is just first time jitters, or whether I have a legitimate concern,  can you advise as to whether I should just take my $1000 loss (earnest money) and move on to the next deal, or whether to follow through. Does anyone have any experience with flipping stationary manufactured homes? Thanks