Looking for some opinions here....

A little background - I live in a very rural area about 10 miles outside our little town. I'm wanting to buy a piece of property near my home - some acreage, a small pond and a doublewide trailer. I want it for a variety of reasons, but sufficed to say I'd prefer it if the trailer wasn't there.

Here's the rub though...at the current asking price the only way I can possibly pull it off would be if I rented out the trailer, and applied the rental to the payment.

Having never rented property I'm a little leery...here's where I'm at on the pros/cons list:

PRO - I get the property I want
PRO - the rental is very close to my own home so monitoring and/or maintenance won't be too burdensome
PRO - I can somewhat control who lives there
CON - the PITA I predict from having renters
CON - increasing maintenance costs due to the general breakdown of the trailer

Ideally what I'd like to do is buy the property and get rid of the trailer...but the current owner is asking too much to be able to do that. The property has been for sale for 6 months or so with very little traffic - they've dropped the price a very small amount recently. What I'm worried about is someone coming in and snatching it up. On the other hand, I really don't want to overextend myself.

What do y'all think?

Dale

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"When tempted to fight fire with fire, remember that the Fire Department usually uses water." - anonymous