Rent to own or rent or flip?

[Edward Dandrea]

So I’m acquiring (cash) a mobile home next week for $18k will take about $2k to be rent ready.

It’s an 1983 liberty leader 2br 2bath

Projected rent $1300 - 1400

Lot rent $640

Insurance $60

Do I flip it (probably sell around 40k)

Rent it

Rent to own?

I’ve never tried rent to own so I’m unsure how to structure it if that is the best route?

Could use some advice? I don’t know mobile homes but I know they depreciate which makes me think rent and hold is not ideal.

[Joe Homs]

Quote from @Edward Dandrea:

@Joe Homs

I agree and new at that price I would buy it regardless of what I do, but it’s a 1983 mobile home. Doesn’t keeping them 5+ years become riskier?

I am flipping mobile homes built in the 70's.  They still look really nice.