According to UCLA we about 50% into a historic bull run but anything can happen.

What is the vacancy rate, historic and current?

If your plans were to take out the repair costs on credit and then refinance to recoup them, I believe your margins are a little to slim and could put you at risk of paying interest on the loan.I know Manitoba does not have historically great appreciation, so I would try to find the highest possible cash flow.If you can afford a multi unit property try looking there.

But the ability to move homes in and out should not be affected if it was a mobile home park prior to the zoning established for the parcel.The city can confirm, but if they tell you that the park is illegal you will need to find historic pictures proving it has been an MHP prior to city zoning, in which case nonconforming would be granted.  

One strategy would be to close it in a land trust, change the insurance policy (which historically in my experience is what notifies the lender of an ownership change)And have your back up plan of private money ready to go. 

If I'm not mistaken there's historically a 65% chance of recession when the ISM gets this low?  

But gold historically has also been a risk off asset.  

I'm just now selling it and am hoping to use the profits (roughly 170k) to refurbish a lovely historic home I bought in my home town and purchase a few more multi family units for cash flow.

Currently, it is not exhibiting any real downward trend, although it's longer-term upward trajectory from 2010 through 2014 appears to have ended.However, many US states, including larger states like New York, Texas, and Washinton have significant downward trending leading indeces, along with many energy-producing states, dropping into what is historically recession territory..Select States with Declining Leading IndecesDoesn't it look sort of like it did at the beginning of the last recession?

Buying a neglected, 125 year old, 3 unit home in a historic neighborhood as property #1 is dishing me up as much as I can take but you can "swallow an elephant one bite at a time" and that's what I'm doing with that one.