My company operates to two distinct strategies, one for flip and one for rental.  

I hate to generalize but I find there is a big distinction folks who need financial assistance because they have a low wage job and those that are completely dependent on the government.... accountability mindset vs. entitlement mindset.  

@Bobbi Martinez@Jake StenzianoHi BobbiMission statements come in all flavors.

To help seed your study, parks come in two flavors (and shades of gray in between), 100% park owned homes which the park and manager run as rentals, this is very problematic, turn over, theft, home damage.  

Mike and Tom have very distinct personalities and how their scripts flow. 

This will give you a flavor of what the issues have been in the association. 

Looking back on the true bargains I have purchased in both property and notes I believe they fall into four distinct categories1- situations where the seller needs a very quick sale and I’m able to pull the trigger immediately2- situations where the seller needs to sell and it has to be all cash because financing is not available.3.

If it legally distinct from you and has pass-through tax status. 

If you've identified two distinct properties, the specifics of those sub-markets, the property specifics and the financials associated with each should be what drives your decision.

I have experience rehabbing and really upgrading properties for sale and rent but you cannot singlehandedly change the flavor of an area just by making it an Oasis in the desert.