I've read/listened a lot to why buying Mobile Home Parks specifically can be a very lucrative investment, but is the same true for just mobile homes?

Are there any red flags or challenges specific to this neighborhood that I should keep in mind?

It's true that you make your money with appreciation and not cash flow, in the long run.

I think there are two maybe 3 ways to look at this in my mind.  1) you go into it and bring it all up to modern standards but using that old charm to basically take what is there bring it up to modern standards and rent it out essentially I'm thinking cocktail bar or something trendy like that.2) most banks are on really good centrally located real estate if this is true, then I'd consider it for the dirt, plan to scrape the lot and go vertical with whatever the highest and best use is.3) a kind of combo of the two, if the lot is in a good location and its doable, pull the vaults or other "character pieces" out of the building, scrape the lot, and build whatever is best suited for the site there, but incorporate those historical pieces into the final designs.Is the site near a major retail area? 

I recognize that the cost benefit may be negated by other challenges; hence, my question.

Part of the inflation challenge is caused by this...investors are getting high yields and spending that money (and now they are getting increased fund values with rates declining).

I've been having this conversation lately with a lot of the owners I work with as well as those who self-manage. For a long time, the mindset for investors has been to get the highest rents possible on their units. Th...

I've heard there can be challenges with inspections and paperwork delays, so I want to get a better sense of what to expect and how to navigate those potential hurdles.

Challenges?

It's true that you make more money in the long run with appreciation compared to cash flow.