Let's get all of the stereotypes out of the way.  

It's an unfortunate stereotype but one that I've found true nearly 100% of the time. 

You are a member of a perpetual entity and must treat it as such. 

I'm no expert, but if you're buying a manufactured/mobile home that will reside in a MHP (i.e. you won't own the land), you (as owner of the home) are obligated to pay the lot rent in perpetuity. 

Crap for 1 to 15k per house if you have to just abandon one because it did not work no biggee.. you have lost next to nothing monetarily. keep the ones that work throw away the garbage let them go for tax's.If your sitting in CA or AU or GB  or other foreign countries and you think these cheap homes are going to make you rich.. then your just perpetuating the greater fool theory in my mind... and the end of the day simple logic has to dictate.. if houses on the open market were any investor  experienced or not can purchase them for 1 to 5k  well then there is a reason.. and there is a reason that in LA or SF or PDX or SEA  or New York or Boston or other prime markets that values are where they are at.. supply demand and ability to pay for the asset.Detroit bottom line just needs to retrench.. if its only 700k pop now and declining and there were housing stock for double that.. it does not take a genius to understand there is a gross over supply and the better owners or tenants are not going to live in the roughest and most dangerous areas of the city they will flee to safer more stable environs because there are massive amounts of homes that can be bought in nice areas for 100k and under.

Life is a perpetual party (of dangerous Narcotic Drugs) for a some people in some areas of town.No job to bother their time, just one big party--until their lives devolve into this.You can get better renters on the turn I'm sure. 

At this point in time, I would rather bet on a rental bounce locally (not necessarily in the city) based on a post-covid recovery, rather than perpetual shrinking cap rates in those hot out-of-state markets (given that cap rates here are potentially equal or better than those other markets atm, and we may be headed into a higher interest rate environment).That's not to say other markets won't make people money.

And also assumes you are comfortable with perpetually living in the 20-30% equity range.

Voila, a fraud has been perpetuated. 

Hello, I feel at risk of being a stereotype here, but it's worth the risk!