He told me he owned a few mobile home parks in town (they were large and had high lot fees) and this is what sparked my curiosity.

They are not very mobile and this neighborhood looks about the same, demographically, as it did at the time of the Race Riot of 1967 where buildings all around your property were burned to the ground.

Whether you’re managing other people’s properties as a cohost or you own all your properties, it’s a great choice.Hospitable has a lot of built-in automatic messages that other PMSs don’t offer, and the mobile app has all the same functionality as the desktop version.

When it comes to real estate, here's a general list of eligible assets and their depreciable lifespans that you should know: Residential Rental Property = 27.5 yearsThis includes any building or structure where 80% or more of its gross rental income is from residential units.That means:- Apartment buildings- Single-family rental homes- Duplexes, triplexes, and quadplexes- Mobile homes (used for residential rental)- Any kind of residential lodging facility where the primary purpose is long-term rentalCommercial Property = 39 yearsThis includes non-residential properties like:-Office buildings-Retail stores and shopping centers-Warehouses-Industrial complexes-Hotels and motels that do not qualify as residential rental propertyLand Improvements = 15 yearsThese include sidewalks, roads, fencing, some landscaping, and parking lots that are separate from the building.Personal Property = 5 or 7 yearsPersonal property used in a rental activity usually has a 5 or 7-year life.This includes most furniture, appliances, carpeting and various machinery.Qualified Improvement Property (QIP) = 15 yearsGenerally, this includes any improvements made to the interior of a non-residential building after the building was placed in service, excluding elevators, enlargements, and the internal structural framework.Computers and Related Peripheral Equipment = 5 yearsVehicles = 5 yearsNote that the land itself is not depreciable.

Thank you for your time and assistance.Best regards,Kerry & ElsaI owned a mobile home park outside Anniston and I loved it.

We created it about three years ago in order to help us convert a mobile home park that we own in the center of Florence, Arizona into a tiny house village.

Mobile closing anywhere?

@Rehaan Khan Welcome to BP, great to hear your interest in mobile homes! 

Maybe the path I chose was the best, but my wallet would disagree.

Quote from @Victor Correa: It’s Mobile Home with Land I’m taking over both land payment and Mobile Home payment and right as of now is considered personal property but you just open up my eyes and I’m thinking what we can do is convert into real property and then transfer the land and that way it’s attached to the land Your thoughts?