Help analyze this deal please!

[Justin Tahilramani]

Hello Everyone!

I am hoping for a little assistance on a deal I am contemplating. Its a 2,000 sq ft double wide that was build in 1998. The mobile home is on its own lot, which is owned (not rented). The property needs the basics - cleaning, paint, flooring, appliances. Other than the superficial items - the property seems to be in decent shape.

My biggest dilemma is that I have never invested in mobile homes before. I have alway stuck to stick build SFRs. 

I think that I can pick the property up for around 25k and will need to put another 5 - 7k into it before renting it out.

I should be able to rent it for $800 - $850/month. 

What are your thoughts???

[Andrew Brannick]

Moble homes are good (dare I say great) as rentals but in my experience terrible for flips. My people in my area, Phoenix, are looking for seller finance which doesn't do in the fix/flip model.