Scare me away (from 55+ MFH rehabbing)! Or, not.
I'm in Mesa, AZ, which, if you haven't toured, has too many 55+ manufactured home communities to mention. Homes can date back to the 80's and can be had at very low prices when in need of rehabbing (decent spread as a percentage of the ARV). Of course, resale can be limited by the over 55 requirement, lot fees can be $750 a month, etc. But, we do have a wave of under prepared retirees looking for a low cost option coming (of course, nobody reading this). Anyone have any experience or insights?