Investing in mobile home

[Vikas Ahuja]

Hi BP friends,

I am a relatively new investor in MA. Given the house prices in MA, I don't see myself scaling too much, not very fast at least. While reading another post in BP forums, I stumbled across the idea of investing in mobile homes. I started looking on zillow, and to my surprise, I see several of 2BR listed for low 30K's (as compared to $200K for a triplex).

I am looking for buy, rent and hold and am not counting on appreciation. So, my question is - what are the things I should consider in whether it's wise to invest in a multifamily? From the little reading I did, its clear that the mobile homes depreciate over time. But if I can have a positive cashflow, does it really matter? What am I missing?

thanks. Vicky