Manufactured homes in Brownstown, MI

[Account Closed]

Hello,

My husband just noticed that there were lots of manufactured homes being built in Brownstown, MI.   The houses are really nice, lots of room, and affordable... which means we can pay cash for them.  The question is,  can we use them as rentals or can they only be bought for main residence?  I know that each state differs,  would such a home as  a rental be profitable?

[Dan O'Neill]

@Account Closed After looking quick online, I think I see what you're talking about.  Is it Tanglewood Village?  I could be wrong, but I think you would only be buying the home, not the land that it sits on.  In this case, there very well could be restrictions on whether the homes can be used as rentals.  Only way to find out is ask.  Also remember, if you have to rent the lot that the home sits on that might wipe out the cashflow right there.  Depending on the particulars of the homes and their construction it could also be a situation where the home will depreciate like a vehicle rather than appreciate like a typical house.