New manufactured home on own land and foundation.. bad idea?

[Ellie Narie]

I am thinking of getting an FHA loan to buy land and buy a brand new manufactured home to put on there. There's a mobile home builder near me and they can do custom floor plans, so I'm thinking of putting a lot of rooms into the home and renting them out, or perhaps putting in an "in-law" suite to rent out, while also living in the home. Mobile homes are just a lot cheaper than stick built. Like, quite a lot, maybe 50% cheaper, and they look great on the inside, like a "million dollar" home. But, I know they depreciate... is it really a bad idea to buy a brand new manufactured home and put it on permanent foundation? The homes look great and it's way more square footage for the money...