I've been in SFH's for 15 years and am wanting to add mobile homes to my portfolio. 

However; here in the USA, they are still thinking mobile homes. 

He got burned in 2008 and the opportunities haven't been available for some years.

Except I did a drop in February with a 24% response rate and it basically had my phone ringing non stop, with 30 minute calls to qualify the leads (this was in the mobile home park space, I have specific criteria that a lot don't meet).

So, if you wanted to sell your 100K house and buy another 100K house that's a better investment - that will probably cost you around $15K in expenses (i.e. money that you burned).  

You get different calls from signs - unqualified, don't know if they have any equity, could be a mobile home, etc.  

@Andrew ChallengerOkay, now I see why sub-leasing might be desirable to have: to let someone else burn-off the remaining 3 months.I hadn't considered that the students might want to have their own room without a roommate.

It was born out of mobile home investing.

With a local bank they want full recourse forever but you can negotiate say if you bought with three partners that you are only responsible for a certain percentage of recourse and that you want the recourse to burn off completely once a certain LTV is reached. 

And I agree with you that it's not the best deal in the world, however for my first deal the numbers worked well enough that I'm making a small bit of cash and at low risk of getting burned.