Did I make the right decision

[Logan Swanson]

This will be my first property. It is a small 1bd/1ba mobile home on .11 ac of land. Based on my market it should rent for 475-500 a month there is also a spot set up on the property to place a camper (travel trailer). Which in my market would rent for 400 (big thing in my market). The camper will cost 5k and I would have to pay water for both tenants. The purchase price of the property is 20k and property taxes are $65 a year. So let’s call it 26k after installation of the camper. All of my calculations say it’s a great deal, but I have never done this before and would like a second opinion. Thanks in advance 

[Jaron Walling]

From a numbers stand point it's great provided you don't have a major remodel or repairs before it's rented. You're around the 2% rule which is great for cash-flow. From what I understand mobile homes have little appreciation. I'm sure it depends on the market but I wouldn't plan an investment strategy around it.