I’m not ready for parks yet, I need to get my feet wet. The area I live & work is a county south of Dallas. There are really nice housing developments and just a couple miles, your out of city limits and into the county. It is mix use, MH and stick housing, all on 1 acre lots or larger. I own some rentals but I’m thinking of buying foreclosed land and MH to sell with owner financing. Do to the depreciation of MH, owner financing looks to be better than buy and rent. No repairs or landlord issues and MH don’t appreciate for buy and hold… I like the fact that MH are personal property, not realestate and the foreclosure time is faster if they don’t pay. Is this correct thinking?
Maybe I’m wrong on the buy and hold aspect. Would like some clarity on this, please.