Subdividing land and adding mobile homes

[Steve Bobek]

Hello Bigger pockets community,

I'm an Investor from Michigan and this is my first post on BP.

I've got a deal on 158 acres of land off market that is worth around $550,000 that I can buy for $300,000. The piece has a lot of road frontage and my plan is to divide it into 11 parcels. The land was once farm land and tilled, but not for many years. I want to buy used mobile homes for around $25,000 and then move them to the new parcels one at a time and repair them which will cost around $10,000 each. Based on the market each of these pieces of land with double-wide mobile homes should be around $130,000 a piece based on comps.

Has anyone ever done something similar or have expertise they can share around problems I might encounter? I appreciate any feedback.