We have a pretty strict criteria about what we'll buy, and I typically want to see a COC in the twenties on solid properties in decent areas with conventional 30 year/20% down mortgages (which is obviously tough to find right now.)BUT a deal just came up near me for 45 units - asking price is 1.65M, stated NOI is "Over $200k" (but with the variations I've seen on what some commercial brokers count as expenses, I'm waiting on more information to get really deep into this analysis.

There are huge variations between houses in these kinds of areas.I average about $17,000 per unit to get it rent ready and $500 per month in gross rents.

You can use "real estate agent" or variations of the term if you prefer.  

Using tons of variations, like "MHP," "Mobile Home Park," "Mobile Home Court," "Mobile Homes" and then also repeat using Manufactured and Trailer.  

What you are describing is a variation of house hacking.

Of course all my numbers are assumptions and just examples and there could be many variations.

There are 100 variations and some great threads here on the topic.

It sounds like what you want to do is a variation on the BRRR idea (Buy, Renovate, Refinance and Rent).  

Just to clarify - because as @Brian Gibbons will say: there are many ways/ variations of lease options.

Typically the response is a variation of "hell no" or "put it in writing".