New Manufactured Home Selling Pros? Cons?

[Ashley Byington]

I've been looking but haven't really come across the info I'm looking for. Does anyone here buy land and have new manufactured homes put on foundations, and then re-sell them? Is it profitable? What do you look for? Any creative ideas for financing a project like that? On a side note, does anyone buy manufactured home duplexes to use a rentals? 

The prices of homes in our area is going up rapidly (Idaho Falls ID) and folks that could have qualified a few years ago are now getting priced out of the market. It seems to me that it would be cost-effective to offer manufactured homes on foundations, turn-key. You can still buy a brand new townhome in an HOA for under $200,000 but not for much longer (They'll be over that threshold within the next year or so). The homes I've been seeing in the area under $200,000 are old and in rough shape.

I visited with a dealer last week and I'd be around $130,000 maybe a little higher, to get a lot, bring in utilities, pour a foundation, etc. for a 3 Bed 2 Bath home that would be brand new. They'd sell for $160,000-170,000, maybe a tiny bit higher, if it had a basement. 

Thanks for your thoughts and suggestions!