indeed.. however we see this one as a spring board to the next. It's a mobile home. Nothing wrong with them, but it's not exactly what we want. it's hard living with 2 kids in 1100 Sq ft.. I never get to sleep in due to noise.
we bought it right, paid it off in 2 years. Remodeled the kitchen and will be doing the bathrooms next. It's currently in the most over priced under preforming park in the area. For 2K we can move it to the best park in the area that also happens to have one of the lowest lot rents (family owned.. The park it is in now belongs to an investment company who didn't flip it before the crash)
Once that is all done it goes on the market at market value (will make a tidy profit on it) and we will use the 30-35K we get for it as a down payment on a 100-140K home
we have to stay in it until the end of this year or we have to repay the home buyer tax credit. we will likely move it this summer and list it in the fall.
It's all part of my evil plan to claw myself in to the lifestyle I want.