is this a smart strategy?
sorry to be asking so many questions, but this whole idea just turns me on! it seems so easy and i have my own mobile home to experiment with.
here is my idea. please tell me if you think it will make money or not and if not, can you tweak the strategy for me?
i owe $34,000 on a SW. mininium monthly payments are $317 and change. i plan to owner finance asking for $550 over 180 months. this will in part compensate me for the land it is on, which i own free and clear, but here is the "good" part: i plan to put about $75 to $100 per month extra on the mobile home, to pay it down earlier so i can keep more of the money in the later months. the bad part is i won't keep much personally at first, but what i do keep i plan to save to reinvest in another home.
Will this work???? thanks! 
Of course it will work. You should also look into lease to own as more of the payments will go into your pocket rather than into the equity of the buyers purchase. Make sure you get a down payment and bank that money for any foreclosure and eviction fees.I personally would put all the extra in an account for the next deal, as they usually come up at the strangest times.
Good Luck,
Kyle
Why not just sell the MH for $400.00 per month and charge $150.00 per month lot rent. The land stays yours and you'll get the $150.00 per month forever.
Good Luck,
Shawn(OH)