(Note: I think it's important to know the terminology and words used when learning any new business including mobile home investing. I came up with 'Terminology Tuesday' as a day to go over the terminology used in the mobile home business. It's important to know the terminology when talking to people in the business so you're all on the same page).
As defined in Wikipedia:
"A travel trailer or caravan is a trailer towed behind a road vehicle to provide a place to sleep which is more comfortable and protected than a tent (although there are fold-down tent trailers). It provides the means for people to have their own home on a journey or a vacation (holiday), without relying on a motel or hotel, and enables them to stay in places where none is available.Travel trailers and caravans vary from basic models which may be little more than a tent on wheels to those containing several rooms with all the furniture and furnishings and equipment of a home. They are used principally in North America, Europe, Australia and New Zealand and are rare elsewhere, so this article deals mainly with those continents/countries. In all of these locations it is generally illegal for people to ride in a travel trailer or caravan while it is being towed on a public road."
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