Until the condo stabilizes itself, it will be cash or local lenders only, keeping values suppressed and buyer pools small.

It also depends on your risk appetite.  

., fire suppression / sprinkler system).

And, yes, there will come a time when a bank's appetite will change.With rates so low, there's negligible benefits for doing an ARM vs a 30-year fixed.

However, “CMBS investors have not completely recovered their appetite for risk,” and “buyers of B-piece CMBS notes prefer loans that cover a relatively small amount of the value of a property.”

And of course, as @Bill S. says, there is an opportunity for those with a longer horizon to completely defer and actually eliminate the bulk of the taxes on gain through 1031 exchanges which are available for folks who buy and hold but not for flipping.It all depends on your appetite for action.

@Ryan Kraemer Generally, outside of seller financing, the common types of debt available for MHPs are:Local & Regional Banks or Credit Unions - You can find out which banks have an appetite for mobile home parks by asking the MH/RV brokers in your area, networking through your state's manufactured housing association or other parks owners in your area like @Rachel H.noted above, or simply obtain list of the smaller banks in your area/region and call them to see if they have lent on parks in the past.

Not sure on your appetite for cold-calling or direct mail, but you'll likely have to find a source outside the MLS to play in that small pocket. 

We do not have the same resources, pricing, warehouse lines, appetite for risk, or costs. 

I don't believe there is any one right answer, but hopefully you will find a method that best suites you ambitions and risk appetite.