Not a bad idea for an isolated lot or rural area though.I checked manufactured housing to compare costs of hooking up utilities, and it seemed like the plumbing/electric parts would be 10-15K in itself.

., and the walls are now sheetrocked rather than paneled (which was the fire hazard) I agree that manufactured homes, whether in parks or on their own parcels are a great alternative for affordable housing.

George Allen who is considered the guru of consultants to manufactured housing community owners has a fairly complex and accurate formula for setting rents and he gives it away for free.

No offense to @CJ F , but I have had to deal with some mold issues and was instructed by more than one professional to never put bleach on mold.

So i am in the military and receive roughly 1400/month just for housing and where i stay now they take it all so i don't see that extra money.I was wondering if it would be a good idea to buy a manufactured home for say 40k and pocket the rest of the money left over from the mortgage for a year and a half until i leave the area.My concern is selling / renting out the manufactured home, do they sell or is it usually easy to find tenants ?

It is intended to be used for situations like this where a manufactured home is "abandoned" or left behind.

It depends on the number of units involved.For larger multifamily properties you start with a letter of intent which will lead to negotiations over due diligence which will eventually lead to either a purchase agreement and/or binding escrow instructions.

Again this answer your question about working for free, I do not like to work too much for little money :)In Toronto MADE sense for me to buy residential 3/4 plex, its expensive, good appreciation, rents are high, less work for higher returns.I think Hamilton is no longer a Steel Town, as far as i know, as of now not even steel is manufactured there anymore.

Yup and instruct escrow to pay you $x at close you quit claim off and whamo it's done.

So I did as much research as i could online and found that all the cheap properties were in pretty rough neighborhoods and the local economy did not seem to support flipping in any significant volume.I then looked into Memphis TN, again all properties under 40k were in rough neighborhoods.I'm now leaning towards San Antonio, Austin, Dallas, or HoustonThe only problem with them is finding a house under 40k for us to live in, I did find a few Manufactured homes in the country close to Dallas and some a little over a hour north of Houston, I would be fine living in one of the manufactured homes close to Dallas for quite some time, my only issue is tying up most of my free cash in a house that i cannot refi to free up the cash again.Thanks for taking the time to read my rather long post and i look forward to hearing your suggestions!