NEVER go to a park where you have to pay lot rent but own the MH. Unless the park already owns it.
Is this the same concept as manufactured housing on rented lots?
I know someone who owns a manufactured home, 1800 square feet, in good physical condition, but is on rented land. They own the manufactured home free and clear, but rent the land it sits on.
Point being, these people I know say they have no mortgage but do have a monthly rent payment far below what it would cost to have a mortgage or rent on a similar size home or apartment or condominium.
Anyway, it sounds like the key problem is if you don’t own the land your housing sits on, that’s where the problem comes in.