Any mobile home investors out there?

[Kathryn Mills]

I met with a seasoned investor today for some advice. They have not done mobile home investing (they know people who have), but suggested it as a way for new investors to break into investing at lower cost per entry. 

I am not seeing a ton of information on here for mobile home investing (unless you want to buy an entire park). So below are some of the questions Im thinking about: 

Mobile Home Investing Questions

1. Any general advantages for new investors?
2. I only see the homes for sale (like on zillow or a park's website), not the lots or entire parks. How are people investing in entire parks? Is simply investing in the home less favorable?
3. I don’t see anything about possible financing… are there any options?
4. I know they only depreciate (or at least I think I know), whats a typical schedule/yearly %
5. Do you evaluate the investment of a mobile home the same way you'd evaluate a SFR investment property?
   1. In regards to Cap Rate
   2. In regards to CoC-ROI

Thank you! Any feedback is greatly appreciated!