Mobile Home Flip-Contract advice

[Mark Gibbs]

I have put together a deal for a large piece of property in Washington State where I am purchasing the land with two mobile homes. I am not looking to own the homes, I simply want to flip them to a buyer who will rehab and pay lot rent. 

Home number 1, unoccupied, needs full rehab. I have vetted three interested parties who would like to buy the home on the cheap, rehab it and resell it. I need to put together a purchase and sale agreement that basically says I am selling the home, you will pay lot rent of X dollars per month and the home cannot be moved for X years from its current location. Any additional suggestions as to how to structure the deal? My first thought is should I obligate the rehabber to pay the lot rent for a minimum of one year or the buyer of the repaired home? Or should I collect lot rent from the rehabber until the home is paid in full and the title is transferred to the buyer?

Home number 2, occupied, rent currently being paid. I would like to increase the monthly rent by $25. Tell them if they make all payments for two years the home is theirs and I will transfer property title to the renter. The only stipulation I can think of is anything breaks, it's your's to address.  

Both scenarios take me out of the home ownership business and put me into the lot rent collection business. Neither home has substantial value so I am more than fine with letting them go on the cheap. Any advice? 

[Andriy Boychuk]

@Mark Gibbs We tried to sell couple mobile homes for very  low price $500-800 each. We thought it will sell fast (1-2 days max). Nothing happened. We invested around $3k and renovate the mobile homes and sold them for $8+ each. Another scenario, we sold at least 4 mobile homes to people who wanted to live there and fix while living. After 1 year or less, people run out and the mobile homes were in the same or worse condition.