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One concern is the age of the manufactured home. The parks are typically required to replace them after they are about 30 years old so don't plan on buying an older home. Also, the interest rate is higher on homes that are above 10+ years. There's no control over rental space either which may increase 3% yearly. The park will have each new tenant fill out a park application and they will run a credit and criminal background check before you're approved to live in the park whether you've been approved by a lender.These are just a few thoughts.
Will you own the land or still be paying Lot Rent?. Kind of a broad question...depends on so many things. Age...Price, paying cash etc. If you are the owner of the land that is the best way to go. If not it's like buying a car and paying to park it..
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For Sale: $283,945
For Sale: $191,580
For Sale: $178,485