Possible deal? advice needed

[William Pickett]

I currently own (pay) for a mobile home that I rent for 500 a month. In this area thats about topped out. The bank foreclosed on the surrounding property which would add to my current rental property almost a full acre yard.

On one side of this foreclosed land is also including the neighbors plot. This spot is about .4 acre and did have a mobile home set up on it but the bank sold it and moved it off. This spot is already set up with water/ electric and sewage. All I would need is to find a decent but cheap mobile home and I could rent that spot out for around 425 I believe. It is a smaller, not so nice yard.

They would not take any less than 7k for this entire spot.

So recap. Parcel of land surrounding my mobile rental now. Would make my rental almost a 1.5 acre yard with mobile home. A .4 acre lot sits ready for mobile home to be set on it and rented probably around 425 a month.

Cost would be 7k for land. Not sure what I could get a mobile for. Ive seen them everywhere from 10k up to 30k. plus moving it and hook up.