[eweissenbach]

I think you have a good plan there. I have a few friends who have bought manf. homes in various parts of Fla., not TV, and bragged about what a deal they got. When we explore their purchase further we find that while they may have paid 20-30K for the home, they don't own the land. Typically they pay anywhere from $400 to $800 a month for their "association fees", which include the lot rent, lawncare, and a few amenities. What strikes me is, they really don't own much, and they have no guarantee that the fees won't escalate in the future. It even occurs to me that the landowner could sell the land and the new owner evict everyone and build homes or commercial property on the land. For what they pay for their fees, you could mortgage a nice manufactured home in TV and actually own your property. The other part of your plan, renting it out, also seems sound, as the manufactured homes seem to rent well and bring almost 2/3 as much rent as stick built homes for much less than 2/3 the investment. In my humble opinion, you would do well to go for it.