Mobile home park restrictions

[Anja Schepp]

Hello all! I see a lot of people with experience in mobile home park investing on here, and hoping someone wants to give their $0.02.

I am in Austin, TX, and like many other places seeing explosive growth and prices driven sky high, 50-100k over asking for SF homes etc.

I have been eyeing a property that is listed as a fairly new mobile home sitting on almost a full acre, checked out tax records etc and the land does belong to the seller. It's currently listed for $/acre rate that's below several recent sales in the area, and is zoned accordingly (MH).

Given land appreciation in an area like this, is this a deal you would pursue? What considerations should you take into account in fleshing out if it is a good deal or not?

I don't mind moving here and house hacking, I currently rent and actually really enjoy the area from what I've seen, so that is definately an option.