Pricing is for sure going to range depending on quality, location, and demographic of your occupants.As expected, every deal is unique, so you really need to pick apart each one to determine if it does or doesn't makes sense.In my experience, the most difficult part of the mobile home game is dealing with the park management.

Take a close look at the neighborhood – demographics, crime rates, and rental demand can significantly impact your investment.

In your area, I'm guessing that's not a big demographic, so I'd consider what else you could do should the city crack down.Again, if you're not within the city, then this doesn't apply to you.

Does anyone have any data on the type of people moving to Detroit, what's the demographic, where are they coming from? 

It is such a large metro area with so much inventory and just the perfect demographics and economy for renters.

Really think about who you want to rent to, what income level, what age and demographic would want to live in your target area?

While Colo Spgs has gone up slightly in price, it is still far below Denver but continues to have many different demographics moving in or staying (ahem, millennials and boomers.)

The cap and return is less but the appreciation and demographics are better.Conversely you can have areas that do not appreciate more but are cheaper to buy in price but have tenants working 2 to 3 jobs and constantly moving around.

I screen well but I also don't get doctors and business professionals renting from me in my demographic.

Better tenant demographic, less wear and tear, etc.