Mobile home parks
Investing in a mobile home park is also a good idea, since it can offer you much better returns than investing in a single mobile home. You can earn a monthly income by charging a fee from each mobile home owner.
One of the biggest advantages of owning a mobile home park is that you are not responsible for repairing and maintaining the individual homes, since you do not own them. Maintenance costs are restricted to the common area and utilities, such as water and sewer.
