Mobile homes vs Single family & multi Family

[Tyrus Hampton]

Hey everyone, I'm a college student trying to beat the rat race early on. I have a question about mobile homes, single family & multi family properties. I'm currently in the process of setting up an LLC to buy my first property. My plan is to get the best ROI. From what I've interpreted so far on multi family properties is that I can not buy the Multi Family under my LLC. As far as single family homes , It may not bring in as much cash as I expect. In addition, mobile home properties seem as if it cash flow pretty good. Would you guy say it's the best option?

If you agree or disagree can you explain why , & possibly share some knowledge?

Thanks 👍

[Nathan Gesner]

Sure, a mobile home can really cash flow. So can a D-class property in Detroit. The problem is that this increased cash flow comes with increased problems. Mobile homes tend to require more maintenance and are different from stick-built homes. They typically attract a lower-quality renter which will create more problems. 

It would probably be worth reading a few books on the subject that spell out the unique challenges of mobile homes.