Mobile Home Private Land... HELP!!!!

[Val Dufour]

Ok,
So I'm in a situation where I'm short on time but might have a great opportunity. I just don't know and don't have the time to learn everything I can before going for it. Here is my situation....
I have a guaranteed dependable renter of a mobile home with 1 acre of land in a small town in MS. I don't know what the land is worth, but can only assume it's less than $5K. The mobile home is permanent with landscaping, utilities, water, etc and is approx $29K. It's pretty large 4 bd/2ba 2000 sq ft and looks newer. I haven't gotten the date yet.
I can get $500 a month for it from the renter. So on paper the returns look great. A 15% cap rate assuming $1000 maintenance costs and including insurance and taxes. I have the cash, but would much rather finance.
So here are my questions....
1) what do I need to consider buying a mobile home that I wouldn't need to consider buying a regular home? Maintenance issues, depreciation, etc.
2) since it's on land can I get a conventional mortgage? will it be the same process as regular real estate?
3) how badly do mobile homes depreciate? can you expect them to get decent returns on a "flip" type scenario? Obviously this is a buy and hold, but if I rent it for a few years, then fix it up, can I recoup my original investment?
4) what financing options are available for a property like this?
5) anything else you deem helpful.
Thanks everyone for looking.