I sold that in 92. next iteration was 2002 when I started a new lending company in Portland OR to specifically fund Turnkey buyers in the mid west doing BRRRR loans we killed that.

You have highlighted the advantage that local investors such as yourself have over national buyers such as hedge funds who are the largest buyers of non-performing mortgages. 

I currently have eight out-of-state investor clients that I've worked with in the past (some on more than one purchase) and they were all attracted to the Lansing, MI area for it's affordability and steady cashflow. 

Median-priced homes will attract the highest percentage of qualified residents looking for rentals and the highest percentage of owner-occupied home buyers in the future. 

However based on these experiences still seem too risky versus just going after some of the options with RealCrowd that seem attractive and proven. 

I can see a lot of buyers getting the keys then driving off and never paying.. foolish foolish to be advocating that.

Quote from @Brandon Croucier: Financing a commercial MF that runs as an STR is possible.Appraising a property based on the income is not, whos to say a buyer would STR the property. 

THE attractive feature to me of MHP is renting the lots, not renting homes.   

In today's competitive real estate market, having modern amenities can set your property apart, making it more attractive to a wider audience.

Hedgefunds, large buyers, mortgage companies etc.