Sellers are offering incentives like paid closing costs, and with homes sitting longer on the market, buyers have more room to negotiate!

It is now paid for, is worth triple my purchase price, and provides about $60K a year in rents.  

Our house is already paid off.

I’m waiting to hear back from a city representative to see if it’s possible to divide the lot into multiple lots and put a mobile home on each lot.Once the land is paid off and divided, is it possible to use each lot as collateral for its individual mobile home? 

He paid $1800 for a 3/2.  

Your mortgage company gets paid off first and then it's up to the homeowner to secure a construction loan to rebuild. 

If in the future they try to buy a house, the lender may require it to be paid but that's a long shot. 

Also, there were issues with subcontractors getting paid. 

Without knowing any of your financial position of your work or side hustles it is hard to give you exact advice because you may be able to carry these homes until they are paid off and in that case they would provide solid returns, but there are likely better real estate investments out there.  

Lastly, you're coordinating with vendors who want to be paid for their work and time.