I'd warn anyone pursuing this that it is VERY difficult to find land zoned for manufactured houses, especially in a desirable location. 

It's in a desirable low vacancy, high demand location that happens to be in a mixed commercial / residential semi-neglected but very safe area 2 blocks off a major shopping street. 

Share the details of your project as much as possible and let them know how much involvement and communication you desire from that person. 

The houses are close to zero cash flow after accounting for expenses, but they are desirable areas.  

Yes NH can be competitive, especially in highly desirable towns like the ones you’ve listed.

Ive got a couple of cheap condos at $400 free cash flow per month that are in less desireable locations, where the rent hasnt budged since I purchased 7 years ago.

They and you may not be on the same page as to qualifying income.You can get the data, but you may not get the formula used by that administrator/PHA, best thing is to post your desired rents, it will be reviewed and if countered with a different amount go with the flow, agree or say next.

You'll need to determine the monthly cash flow you aim to achieve from rental properties, along with your desired timeline for getting started and the initial investment you're comfortable making.While flipping properties can yield quick returns, it's worth noting that the current market conditions may pose challenges in this area.

There are a couple of "elite" property management companies in Memphis.Multifamily: I scan the market quarterly to keep an "eye" on things. there was a 22 unit in a desirable location for +2m and a 64 unit for +6m.

In this scenario does it make sense to buy a triplex or 4plex in a less desirable/up-and-coming neighborhood , rent all units out while I continue to rent in center city/fishtown/UCity/NoLibs?