Purchased/rehabbed Mobile home and its not renting

[Nathan Spradlin]

I purchased a property last year with a single mobile home on it along with two empty lots beside it. We rehabbed the mobile home and hired a property management company to rent it out and manage it but it is not renting out. We found out after buying it (rookie mistake) that it was definitely in a rougher part of town in a neighborhood with many other mobile homes obviously. It’s a 3/2 1000sqft MH that is currently listed for $950/mo. Just upped the agent commission as well. Any tips on what I should do? It’s been listed for 2.5 months now with really no interest. Lowered the price a couple times as well. Should we sell and cut our losses? Is it just slow time of year? Is it not going to rent out because of the area? We are about $75k all in right now. Any advice is appreciated!