First, take your client requirements for size, type, cost, location, etc. and develop a list of properties that fit. 

The property is located in North Miami, FL.

I’ve been browsing Paperstac quite a bit lately, but I’ve noticed that most of the properties against which the notes are secured are decrepit shacks located in very rural areas.I’m fully aware that the kind of borrower who defaults on their mortgage won’t usually be living in an ornate mansion, but do you know of any way to buy notes for properties located in major cities, or at least somewhere where home values won’t tank 50% when the local chicken slaughterhouse or glue factory closes?

You forgot to put your location in your profile and your post so the answer is unknowable.

Simply use the search tool located at the top right corner of the site.

While the cash flow looks attractive, I am concerned about the long-term viability of the investment since the location is not ideal and these are older, albeit partially remodeled, mobile homes. 

I would not do this location unless you plan to scale in the industry. 

(searching "home inspectors association" will give you all of these as top results), and then searching for a home inspector based on location.

I am considering branching outside of Utah for some apartment complex purchases and this is a major factor in my location criteria.

I decided to start hustling and start making phone calls and sending emails to national brand retailers that already have some freeway locations in different regions on the OKC map and see if they are still expanding to other locations.