Buy New Mobile home investing?

[Bill P.]

hello from Texas - first-time investor - I might be crazy, but I'm looking at buying a lot of land and placing a new mobile home on it? The current rent for the area is around 900 per month for a 3 bedroom (land will cost me 5k and new single wide is 38k) I'm thinking it will create around 400 a month cashflow?  

thanks Bill

[Jory Harvey]

Bill, I don’t think you’re crazy , but there are some questions . Is the land zoned for a mobile , does it have utilities and driveway etc .? I think if you’ve covered all your bases and it still cash flows well , you can’t count it out . I’m sure you’ll take into consideration that a mobile will most likely depreciate so your exit may only be to rent .