A mobile (easily installed and removed to another piece of land.

You can easily select the target areas you want hit.

I think you can easily beat these numbers in much safer, stable markets and not have the headaches you will with this type of property and tenant profile. 

In my former realtor life, I easily sold well over 100 nice higher end homes every year-- because I FOCUSED.I developed a very organized system ( felt like McDonalds as far as processing the client on-boarding-training then find it-buy it-close it part of transactions).I chose my top 10 favorite parts of the Greater Charlotte MSA and I think clients were drawn to my success, in depth knowledge of each area.The best part with a focused system is it permits quality time with clients.If you will focus , develop your system --and perfect your support team of professionals, nothing can stop you and money just comes!

Basically everything about the house needs updates, but it's solid and functional and pretty easily rented.My partner and I have a private money lender ready to go.

She has easily verified employment at a large university near by.

.#2 is easily enough done.  

The house ARV would sell for $350,000 easily based on comps and doing my due diligence the house can easily sell in less than 120 days.

I have many connections around this area and could easily pick up a couple properties in excellent areas that could net $500/m. 

Is it in a desirable/easily rentable location?