Is Florida Investing in 55+ Mobile Homes a Smart Move?

[Todd Connelly]

Hello fellow BP investors. I'm seeking advice/input from someone in Florida, who may be familiar with the rules involved in investing/flipping mobile homes in 55 and over mobile home communities. I plan to call a few park managers to learn more about their rules for sub-leasing, etc., but wondering if anyone in the group has any experience with this market. I see many mobiles on CL for under 5K, which need a little work (maybe 5K), but ARV is close to 15K, on average.

Could I make a quick 5K or so on these? I mean... how difficult are the park associations/management to work with as an investor/landlord? 

I'm a remodeling contractor, so I don't mind putting in the labor to cut expenses. 

The going lot rent appears to be around $500 per mo on average and I may offer lease options to buyers if this is doable... 

Any feedback is greatly appreciated.