Buying dilapidated mobile homes on private lots.

[Tim Lyons]

Any thoughts on buying a sub $20K mobile home on a private lot (no lot rent), rehabbing it, and renting it out? 

Seems like it could be the cheapest way to get in the game if you do the work yourself. 

Maybe $35K total investment, rent it out for $700 minimum? 

[Aaron K.]

The problem is that those are tough to get loans on unless on a permanent foundation whereas with $35k you could certainly but a down payment on an SFR