Buying mobile homes for rentals

[Jake Roland]

Does anyone invest in mobile homes to use as rentals? (Not an entire MHP) What's your experience with the ROI vs depreciation vs repair costs, etc?

[Rich Littlefield]

The reason why not too many people do this, assuming you mean mobile homes on leased land.  Is that the land owners have a nasty habit of raising the land lease whenever they get a whim,  so you can really get stuck when you can not raise the rent, it does not cover the cost to carry, or even the rent on the units. 

Now if you own the land outright, you have a horse of a different color, I would say go ahead and buy and rent away.