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What are your thoughts on buying cheap mobile homes in a trailer park and renting them out?

Hi Everyone ,I am wondering what the likelihood of getting a conventional cash-out refinance loan on a mobile home (manufactured home) would be if I purchased it with cash.

Most of my business and time is dedicated to investors.

You would have to stipulate that the tenant would pay any excess from the utility like the "reasonable use" clauses in mobile data usage.

Purchase price: $260,000 Cash invested: $65,000 Beautiful and quiet upstairs unit with open floor plan and vaulted ceiling for RENT.Spacious 1 bed, 1 bath home, lots of storage and full-size laundry in unit.Large kitchen with natural light, Jack and Jill bathroom, private deck off living room.Large bedroom, park-like views.1 car detached garage and 1 dedicated parking space.

Seller has paid off mini-mobile property, 5 units 1 property...., have under contract at 200k,Im transparent, and marking up, reselling while under contract for $240k...and list on mls with permission, to find right buyer, will need cash buyer.....Seller will also do seller financing....something down, and x year balloonhow does this all, the seller financing part, etc, play out , in above scenario, particularly with wholesale position, ie, what does closing look like ?

How many hours a week do you have to dedicate to your rentals?

My vacation rental is located in Hawaii so they have been dealing with home sharing and tourism long before Airbnb and VRBO were born.I also bought my place in a dedicated resort area where condo complexes were built with vacation rentals at the forefront. 

for park owner in Indiana out there , do you guys have a certificate of occupancy stating how many lots it gets approved?I can only find an operating license from Indiana state saying how many lots they approve. The c...