To Mobile Home...or not?

[Gina Shields]

Hi All,

    I bet I know the general concensus on this question but since I am in the mobile home capital, Florida, I'm wondering if there is any reason to, or not to, purchase mobile homes for rentals? I know most are in parks with crazy high lot rents and others are 55+ but there are some that are reasonable and in very nice parks. Has anyone tried this before and what are the pitfalls I'm not thinking of (besides them getting blown away in a hurricane!)? I know you don't own the land they are sitting on (hence the lot rent) but I'm still thinking it may be a good source of senior housing. Any input is welcomed!!

    Thanks!!

Gina