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Is it worth it to buy a house and destroy and rebuild?

Hey guys, I am just here to learn more about the potential future that I am looking towards but of course things may change and I may end up never visiting this idea ever again. However, I am still fairly young and I am hoping that in the near future to purchase my first home (or build one from the ground up through buying an existing one).

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Currently, I am renting a home that is on 8,500 sq. ft. of land. The land currently consists of two mobile/manufactured home, with one being unoccupied. I was recently in a small conversation with the landlord about his thoughts of me purchasing the home (which would then give me ownership of obviously the entire land with both houses instead of the one I am specifically renting right now) because I am young and soon to complete college. He suggested of selling the home for approximately $220,0000 to $235,000 since my family and I have been great tenants for several years now. He mentioned that because if we were to move out, a company or real estate investor will purchase this entire place from him but has not done so since well, we are living here and he doesn't want us to be kicked out, thankfully lmao.

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I am looking to be educated on the matters of purchasing the home (it's in okay condition) and was curious as to would it make sense to purchase it, destroy the mobile homes, and rebuild a brand new one to live in? What would I need to keep in mind in terms of cost (being cost efficient), regulations that I may not already know through research of my own, and other important things I may be overlooking or people usually overlook when wanting to buy an existing home but destroying it and building a brand new one.

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Thanks!

submitted by /u/Jvyyyyy
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source https://www.reddit.com/r/RealEstate/comments/hicwkv/is_it_worth_it_to_buy_a_house_and_destroy_and/
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