I would definitely start off renting most units as LTR and slowly renovate and furnish units to do MTR, having a mix of both. 

@Edward Barrett it is really a mixed bag. 

I'm a lending manager with 120 loan officers under me and 2 of my great friends and colleagues specialize in manufactured lending The reason most lenders don't do them is because:1.

How much of the 52 units do You own? 

You're doing great.

It’s not even close (FT).

I could use some help from investors in IL... how do you set up a sub to there??

The day after you close, it will appraise for the sales price. 

I do convert some of these people when they come back to direct bookings.

In a situation where you were doing an arbitrage (renting it from the owner, then yourself re-renting it to someone else) your costs to renovate/fix it up while you're using it would be able to be capitalized and depreciated by you once your rental was in service (available for rent to others).