Good as it looks, I reckon the main reason they're not more popular is that even if they'd built a traditional home on the same site, costing $100k more, it may easily have resulted in a justified $899k asking price ie. the same profit as doing it the container-way.Makes more sense for you if you're also the end buyer/occupier, saving a genuine $100k!

But be sure to weight all factors before doing so, in many cases you will do much better but keeping your 401k funds invested and using other sources for funding your personal investments. 

Asset managers take that into consideration and give it a lot of weight in deciding which offer to take.

@Jerad Gardner  I was going to say the same as Tyson, converted a primary residence into a rental property is pretty popular.   

^Loaded question.....Most popular methods are direct mail, driving for dollars, auctions, tax and foreclosures sales and networking through local rei groups.  

Good call on the money going down the drain while paying rent.Lakewood is a popular city and rental demand is very high, rents are increasing rapidly.Good luck!

Everyone seems to be looking for reliable contractors these days, so you'll be popular here. :)

IF they did, that lender would be VERY popular!

This is generally for a term of 2-10 years with 5 being the most popular. 

The interior paneling was usually a  3/16 inch photo finished veneer very light weight and the exterior siding was aluminum which was also very lightweight.