Zillow says its worth $240,000, which I think is low, and would rent for over $2,000.

Mom and pop keeping the MHP forever and passing it onto their heirs who keep rents artificially low forever.

I don't see it as an issue but many still do, at least in my small town where the majority of renters are elderly people looking for low maintenance housing options.

It's no different than their 2-year, low interest rate teaser houses.

Finally found this one and took advantage of the low interest rates by winning the bidding war with an offer slightly above asking price.

My low months were 50-65% occupancy and 100% for summer.

Quote from @Miguel Del Mazo: @Bonnie Low I went to check out MiniStays a while back, and it seems like a good site. 

Assuming a 40% expense ratio, the net operating income at the current income level would be around $19,440 annually and $28,800 after renovations.At a $360,000 asking price, the cap rate based on current NOI would be 5.4%, which is low for a park with park-owned homes and required renovations.

Multiple people had some bad things to say about the area, but when I moved and realized that it was a low income area with a lot of homeowners, I was motivated to improve the property to match the effort my neighbors have put in. 

I have a very low risk tolerance for stock and many other market driven vehicles.