Through a marketing campaign to landlords with evictions in the past 6 months, I met with a motivated seller who is trying to get rid of his mobile home. He was completely unaware that his property had gone through an eviction. And he explained that he had tried to sell 2 years ago, but the buyers never finished the paperwork, moved into the home, and ghosted him. He still pays taxes on it, so he wants to get rid of it for cheap. I should be able to get it for $1,000. I wouldn't be able to see the inside of it, as it is currently occupied. And I would need to either give the people living there cash for keys, or evict them. The mobile home was assembled in 1974 and is a 2 bed 1 bath.

My question is, would this just be a waste of time and money?

I don't know much about mobile home investing, but can you legally rent out a mobile home? 

To me, it seems like a screaming deal. Buy a mobile home for $1,000, rent it for $500 a month (speculative number) and make my money back in just a few months time. But, once again, I am completely inexperienced in mobile home investing.