Lot rent for single family mobile homes or campers.

[Blake Crider]

Hey everyone. I’m new to this and just trying to get my feet wet in the rental business. I live in Alabama in a rural county where property is very cheap, and I keep tossing the idea around of buying some cheap property as in a acre or less to rent out just for lot rent. My idea is that I just want to own the land and rent it out for a single family mobile home, because I do have a very good and demanding full time job I figured this would be easier to handle starting off being that I wouldn’t have to deal with problems all the time. My returns would be slow over time but I’m estimating in the area I live that I could buy a 1/2 to 1 acre install brand new septic, have water ran and meter installed and power on the land and clear spot for home for under 11 grand. Is this a crazy idea am I thinking about all this the wrong way. Any help,tips and ideas or welcome from any one doing this. Thanks