It’s the standard PE playbook, and you’re correct. In this case, they wait for the tenant to default on the ground rent, then seize the mobile home and resell/r

It’s the standard PE playbook, and you’re correct. In this case, they wait for the tenant to default on the ground rent, then seize the mobile home and resell/re-rent it. Repeat ad infinitum. The manufactured home itself depreciates in value like a car or RV, so even if you don’t get fucked by your landlord, you get fucked on depreciation. At least in an apartment you don’t pay for maintenance or depreciation!