In both cases, you're growing wealth while collecting regular income.📊 Market Appreciation vs Stock GrowthHere's where it gets really interesting!

If you do not regularly file for evictions, you'd best retain an attorney. 

This is due to bonus depreciation which allows taxpayers to deduct 40% of qualifying property costs in the first year, in addition to regular depreciation for new construction and improvement.

By all means give them a note on how to use all of the appliances (eg clean out the lint trap on the drier after each load, do not use dish soap in a dishwasher, change the furnace filter regularly, etc).

To give you an idea of how we approach it, we assume the worst-case scenario right from the start is 9-12 months of no rent, $5,000 in legal fees, and an additional $5,000 in expenses to deal with moving their stuff, putting it in storage, and dealing with health code violations or NOV's from the city during the process. 

Your best/safest bet would be a regular lease combined with an option to purchase.

Not to mention how these properties don't appreciate the same as a regular home. what are your thoughts? 

The last time I represented a mobile home park purchaser, county health department allowed four MHs per septic tank. 

IE rent to a tenant for >12 mo,  dating before marriage, no late payments then with a down paymetn (long story here)  I'll sell on either a contract for deed (typically mobile homes on land) or a note and mortgage (regular nicer houses). 

With the exception of some small markets in the Southeast, places like Cleveland are the only major metro areas where a regular investor can find cash-flowing assets with a mix of appreciation.