The other being that, there are plenty of attractive financing options for stabilized properties vs distressed properties. 

I understand not everyone has the patience and owning rentals isn't as attractive and "sexy" as flipping for a quick $50k profit.

Pros: Lower cost and barrier to begin investingIf you also own the land you can rent the land & sell the mobile home.You have flexibility to resell with seller financing vs. renting for potentially higher yieldCons:Can't rent mobiles in parksThey depreciate quickly & don't appreciateThey will usually attract a less than ideal renter pool

If the local economy does not support that rent level, higher than market rents only attract irresponsible tenants.

If we are going to spend that much on a rehab, we better darn sure install a decent countertop that will attract buyers.

If it happens to be a recreational destination (like Brainerd MN) or contains other outdoorsy attractions I might consider a deal.

I contacted some of my realtor friends from the area and they notified me that they would contact me if they believed if anything was in a spot that is or is becoming attractive. 

Hamilton is sketchy.. you need to be in the right pockets.. warzone location will attract warzone tenants 

The get-rich-quick industry knows that the latest shiny object they are offering will attract attention and will sell to a gullible public.

I'm trying to decide for my future rental if including a washer & dryer with the unit is worth doing, and if it attracts more tenants?