The 2nd reason to stay away from park owned homes, is that you lose the advantage of the MHP, which is essentially a trapped tenant, because they own their house, and they cannot move it, you have a guaranteed renter. 

Barnum "There is a sucker born every minute" These people suckered you in.

How do you know you are going to make money and avoid a trap?

The main stack, drain lines in the basement floor, trap and the sewer line to the city main are the big ones.You can either knock these out as they become problems or bite the bullet and spend the money.

The absolute worst tenants I've had have all been white, native-born Americans.

Title underwriters are wired differently and see risk that’s either invisible to us (due process noticing, etc.) or non-existent (odds of an heir born in 1850 objecting to a petition in open court). 

Also, what are some red flags I should look out for so I don't get screwed by an investor who traps me in bad terms? 

My name is Travon, and I was born and raised in Wichita, KS.

We are currently living on my husbands income (firefighter) since our kids were born (almost 3 and almost 1) without extra money to save each month.

Your first born (kidding, I just dont know what else Zillow wants, jeez)