NOW for the other part.Property comes with an extra 50' wide city lot that is zoned for Manufactured homes.

None of the leases will be at the new asking rent so I've immediately created economic vacancy by manufacturing loss to lease (the difference between gross potential and actual lease rates).  

They're basically the Kelly Blue Book of Mobile Home valuations. http://www.nadaguides.com/Manufactured-Homes

They will instantly know what you are asking, and be able to look it up in the manufacture's specification catalog, when you ask them to tell you the flush-ball-diameter rating for a particular toilet.Some toilets have a 'flush area' description - which is the square-inch area of the passageway inside the toilet.  

The investment property is a manufactured home with wood structures added on.  

I have experience in commercial office and multifamily acquisitions, dispositions, asset management, and property management.Additional experience in these real estate verticals: Development Self-Storage Land Acquisitions Retail Industrial HotelsSeniors Housing Student HousingInterested in connecting with other real estate professionals in the following verticals: Multifamily investments between 2-30 units Single family rentals Manufactured home parks Vacation Rentals (Ski/Beach) Marinas Hotels near vacation destinations JV venturesLets grab lunch if you are interested in connecting!  

Smaller, and newer 100% good to go houses are around $70,000 in the market, some manufactured homes and land for around $50,000. 

My idea is to  purchase brand-new pre-manufactured homes and put them on the lot since they already have the septic systems in place and rent them out.  

I'll also take your recommendation for manufacturers if you have them.Thanks!

And for your well being, there is little worse than self-delusion.The man who dreams of wealth and yet walks daily toward certain financial disaster and the woman who wishes for happiness and yet thinks thoughts and commits acts that lead her toward certain despair are both victims of the false hope which affirmations without action can manufacture.