The first mistake is the property is free and clear.  

@Eric Greenberg yes, I own a property at 9th and Diamond.

And they don't have evictions, busted furnaces, or the hassle factor of property. 

The land is tangible and the mobile homes are considered Personal Property and titled like a automobile.

Also, while it won't cashflow right away, rental rates will continue to rise and in 3-4 years it will very likely be a cash-flowing property (it's in a prime location with tons of upside and development going on around it). 

You may get better results by purchasing a duplex, triplex, or fourplex.Here's a guide that describes what good cash flow looks like and how to analyze a property.

This property is currently listed for sale for $245k.

They can take time with their search and be more selective about a property’s location and condition.

Quote from @Chris Seveney: Quote from @Jeffrey Farkas: I bought a property in a foreclosure auction.

And they essentially buy the property and then in 5 years, you refi and give them the down payment back.