There may also be environmental overlay districts, historic districts, and other considerations to zoning that you have to be aware of, so I'd definitely start with the zoning regulations,  from the zoning/planning  department

you could actually paint a black line where one unit ends and the next begins, then choose colors that look good together...light gray, dark gray, tan, brick, green, colonial blue, like bm historical colors or some other palette.

The most important thing to look at is the historical operation of the property, then factor in the expense ratios or nearby properties, consider the differed maintenance, age of building, class of building and other operational expenses you may add or subtract to optimize NOI

I know that I'm not exactly getting in at the best time historically, but as the best time to buy real estate was yesterday, and the second best time is today, it's better late than never.With that, I would greatly enjoy the opportunity to take any current MHP owners in Southeast Michigan to coffee or lunch.

Look at historic sales record for this property and see how much owner brought it for.

Historically, interests rates and housing prices follow an inverse pattern.

For context, this place and the other calc I posted in another thread are in a very desirable, residential area next to an Ivy league school and all the grad school- the tenants (I was one a few years ago) are very high quality, its largely grad school/professor/staff rentals, and the home values historically have been largely immune to changes in the housing market- and probably as such, they've gotten really expensive.

Historically you couldn't get conventional financing for an LLC, but as of November 2017, Fannie Mae now allows the post-closing transfer of title to an LLC.

Historically, I've had a lot of success with multi-families. 

I still think the VA loan is something to take advantage of but signs do show that the SD market is slowing down and SD is a cyclical market historically, meaning what goes up will come down. ultimately, if you are buying for the long run and plan to keep this place for 20+ years then don't worry about cycles, just buy smart.