My current property manager does not want to deal with a mobile property.Also the management costs of the tenants, who may not be blessed with secure income, or may not be in a position to automatically deposit the rent on a predictable and reliable schedule.I am only looking at pure cash flow, as I don't intend to flip the properties.My head tells me that lower end properties yield much better cash flow numbers, but my gut is not convinced or ready to take on the unknown management costs.

I will add that to this post.Of my pure equity investments, only 6 have gone full cycle with a 23.78% IRR.

That is purely fantasy land and speculative and it will go down again and those flippers could stand to lose a ton of money.

Landlords, it was alleged, can't be trusted to make decisions based on their "gut instincts," because there's no way to know whether those instincts are "pure."

Part of it will be pure capital gains, the difference between what you paid for the property and what you sold it for.  

This has all came about with 1 part strategy/hard work, 1 part pure luck , 1 part blessings from a higher power. 

Of course, they bought it purely based on speculation so even if they put it on the market themselves, there's no way they're going to get close to the amount they paid for it.

I house hacked through a double that was about 100 years old.It treated me very well and continues to do so as a pure rental property.Going on 8 years and just minor typical repairs.

Your instinct may have been pretty good so far but only by pure luck not skill.

That's pure speculation because I don't have experience with that situation, but a nice hotel will bring nice people around and shouldn't lower any values.