Sounds good, but can I make a dime with a manufactured home?

[James Propeck]

Here's the situation: a manufactured home in a park across the street from the development where my home is located burned several months ago. It has been sitting vacant, with the windows boarded up, ever since. The home sits on a corner lot, which is probably the nicest in the park. I contacted the previous owner of the park and was told that the residents got together to purchase the park and subdivide several years ago, so each home is on real property now. The HOA has been unable to contact the owners and can't figure out who the lien holder is. I am currently waiting on a call back from the president of the HOA and investigating the lien holder. I believe it would be simple to track down with an address and/or tax lot number.

Anyway, my thought is that, if I can pick up the property for cheap from the owner or bank, I could potentially remove and replace the current home and sell for a tidy profit. I have no idea what it would cost to remove the current home, who would take it or if it would be cheaper to renovate and rebuild it. Does anyone have any ideas on this?