Anyone BRRRRing mobile homes?

[Garett Collins]

I'm not sure if this is the right area for this but I've been doing the math on mobile homes in retirement communities and it's blowing my mind. Is there good reasons not to do this?

I have found a bunch of mobile homes ranging from 10K-30K that do need some updating but I can't imagine more than 10-15K!

So let's take the worst scenario of 15K on top of 30K purchase on a 2bd 2ba that market rents are $750-1000/mo. Let's call it $800.

$800 * 12 = $9600

$9600 * .6 (Vacancies, repairs, and etc) = $5760

$5760 / $45000 = 12.8% ROI

Am I doing something wrong here?