House Hacking with mobile homes

[Chris Lopez]

Not sure if this is the right forum to get insight on my strategy, but any advice or personal experience would be appreciated!

I want to start my real estate investing journey, but since I'm moving to California to work the only living situation that makes sense for house hacking (since I'm a new grad and don't see myself outright buying a 500K+ condo or 650K+ house in San Jose comfortably) seems to be a mobile home. I understand that the money is in the land for MHs, but I think simply renting a lot and buying a 3/2 or 3/3 mobile home (resulting in around 3K/month cost on the higher end of homes) then renting 2 of the 3 rooms out for around 1k a month would result in a little over 1K expenses (which beats the 2K+ apartment rent in the area while building up MH equity that can be leveraged later). 

I have two main questions:

1) How have some of you leveraged MH equity in your own investment strategies?

2) Is there something I'm missing? (I get the MH will depreciate, but the way I see it 50% of something is better than the 100% of nothing I'll get from renting an apartment or other place.)