If you're in real estate for the long haul, I would try to uphold your name and brand...try not to get earn yourself the reputation of the "sleazy investor".  

Another avenue you should consider is becoming a lender ( note owner) Monthly cashlflow amortized over agreed termNo toilets, no tenants, no headaches etc.You may foreclose and own a property from time to time but over the long haul if you take 100k over 30 years at 5.5% is approximately 70k interest You have a note servicing company handle payments.

I personally don't see how the math works over the long haul.  

The property is a duplex with tenants in each so this is really just a matter of "will these savings make a difference over the long haul?"  

I mean, really, you can't move the kids' toys out of the living room, or remove the 2-liter bottle of soda sitting on the kitchen counter before you take a pic?

All sorts of issues.. the main issue was abandoned homes that were too old to tow ( our state regs) so had to be crunched and hauled to the dump.. so lots of money when these old trailers get to the end of useful life.YOu will find that lenders do NOT want you to Own any of the MH's.. and maintenance of park owned can be really tough because they are not like apartments were you can just run to a supplier and buy universal supplies etc.. to maintaining them is tough.Third one I just bought is a mini Ghetto and I will be hauling 30% of the homes to the dump. and replacing with new.. this has city sewer water ..

Few of them have invested in real estate for the long haul themselves...just quick flips.

I am in it for the long haul and it cash flows because I bought it low enough.

We are all here for the long haul.

I had toyed with the idea of a balloon set up and your example is perfect.