Modular home construction for rentals, are you doing it?

[Joe Gutmann]

So, after over 10 years of looking at properties and suffering from analysis from paralysis I finally am closing on my first rental at the end of this month. I am wondering about the opportunity of building modular homes (1-4 units) on vacant lots, and renting them out. Are any of you doing this or know if anyone doing this in our area? 

When I was a renter I did not care what type of home it was, and I assume no one else does either. So far it looks like modular homes can be purchased/constructed at cheaper rates than stick built, and I don't think they would rent differently. I am not looking to place them in higher end neighborhoods so customizing them would not be an issue. Anyone have any thoughts / advice on this tactic?

Thank you for your time!