How nice of shape is the trailer in? If it's in good shape I would think about buying it and renting (contrary to most opinions).

I built a house when I got my first teaching job. A small 2 bedroom 2 bath with 2 car garage. About 1100 square feet. Great little house. I moved a few years later to a bigger house but started renting instead of selling it, even though the 40k would have been nice to roll into my new house. I have been renting it for 6 years and have been lucky, I have no horror stories. But since it's a really nice little house (right on the Ohio River) I can be very selective with my tenants. First time I rented to a fellow teacher, his wife, and their newborn. Great tenants. Paid rent on time every month, usually in cash. Took really good care of the place and stayed for about 3 years until they could afford to buy. Only things I did when they moved out were patch a few small holes in walls from hanging things and put new carpet in (it was worn from old age, not abuse).

My current tenants have been there 3 years now. An elderly couple that is spry and really like to travel. They are here about 2.5 weeks a month on average. They taken immaculate care of it, better than I ever did as a single guy in my mid 20's! It's spotless. They do have a miniature schnauzer but they take care of him and he doesn't do damage.

So I have a house with a 400 dollar mortgage. I could get 800-850 out of it with a family with several kids or a couple 20 something kids. But the headaches and abuse are not worth it. I rent to the elderly couple for 675 a month. They love having a two car garage connected and nice yard. I do mow it for them but it's about 25 minutes on my rider. Worth it to me to rent cheaper and have the right tenants. That just about covers my mortgage, taxes, insurance. If something goes out that comes out of my pocket. But I have added 30k in equity from the house the past 6 years for minimal problems and expense. Worth it to me and glad I didn't sell at the time. It'll be paid off in about 6 more years then it becomes a true money maker.