So in this lies my question, is it a bad idea to buy a house in a neighborhood like this even though the prices of the home make it seem to be a good investment.

Also, just a word of warning that pro forma is Latin for lie (thanks @David Greene and @Brandon Turner).

That's a lie.

The great thing about math is that numbers don't lie, but don't manipulate the numbers just to make them work either. 

My loan was 4.5% interest and took 108 days to close with equal fault lying with the broker losing and re-requesting paperwork and the fact that it was a HUD Home with flood damage. 

Personally, if he was a great paying tenant and he tragically had someone pass away unexpectedly (if you believe that story, I have actually had a tenant lie to me about a family member passing) and that caused him to break the lease, I would rent to him again.

REI is a lie”.  

That said, the place the mobile is park is really where a lot of the value lies.

If it was something along the lines of "I have no money for a deposit or loan costs and no investment property experience but give me 100% of the money I need to purchase an investment rental property, I"ll pay you back I promise", then I suspect I've spotted where the issue might lie.

Always good to check with an upto-date attorney in the State for your specific requirements, though the above technologies have huge potential.Hope this helps.