Who Can Benefit From Mobile Home Buying?

The more I found out about mobile home buying, the more I realized what a great fit it was for me and my situation. And what's more, I realized just how great it would be for so many other people as well. Here are just a few:

1. Pet Lovers. So many apartment complexes don't allow pets, or require a large deposit to have a pet, but the vast majority of mobile home parks allow pets and don't require any deposit. There may be some restrictions on how many pets you can have, and some parks also limit the size or type of your pets (i.e. no pit bulls and no dogs over 50 pounds), but most likely your pets will fall within the restrictions.
2. First-time buyers. Mobile homes a great for starting out: they're inexpensive and require a low down payment, so anyone who is currently renting can get into one a lot sooner than a traditional home.
3. Young families. Most mobile home parks welcome children and have their own playgrounds and recreation areas, providing for a great sense of community with other families in the park.
4. Retirees. There are mobile home parks that are specifically for those 55 and older. They provide the same great sense of community with other retirees, and almost all have rent controls in place so that your space rent never goes up more than 3% a year. This increase is therefore covered by the annual cost-of-living increases in Social Security payments, so there's no worries.
5. Investors. Most mobile home parks do not allow rentals, but there are plenty that do if you look around. In most parts of the country, traditional housing prices have increased far more than the local rent rates, so investors are forced to either put up an enormous down payment, or settle for a negative cash flow for the first few years. With mobile home buying, however, rental prices are well in line with the home costs, so positive cash flow is there from the beginning. Here in the Bay Area, a $10,000 down payment can net you $200 in cash flow, which is a 24% annual return in the first year, and that doesn't include appreciation!