I think it has the best opportunity for appreciation & value add, attracts the most renters, has the easiest exit strategy. 

I want to attract a decent renter with a decent home that will work with me to fix up the property and bring it to the same level as the rest of the neighborhood.Does anyone have a list of standards for a mobile home community?

Because those rules are simpler than analyzing your own risk/reward profile or long-term investment goals, they attract a lot of attention.  

.), where it is naturally attracting a crowd looking for luxury.

Goal is to buy and hold long term in good neighborhoods that attract good quality tenants .Can someone recommend cities across US where it is possible to cashflow or breakeven  on condo investments in grade A neighborhoods? 

It'd be great if they built a train or something to make the commute more reasonable, and then I think the city could be more attractive.  

Does this sound attractive/doable to anyone?

But the cap rates are really attractive.

I own the land debt free.Will banks finance these deals if attractive?

FHA is attractive to her due to the down payment size.So here is the situation;Kat has known Marg a while, and is getting a good deal on the house. and by FHA request, she has been living in the house for 6 months before they will consider the loan.