Is this idea potentially feasible and beneficial?

So the 20-25k budget for rehab is no longer feasible. 

I appreciate your take on this, definitely gives me a lot to think about in terms of timing on this as not to loss that tax free benefit

@Stephanie P. might give an idea of what to expect with rates and terms, and whether this is feasible. 

Jerry, so when a manufactured home is damaged and the insurance company deems it a "total loss" the home gets a "salvaged" status.

If all of a sudden you have to take a loss, can you afford it?

For a fee, they do a Feasibility Analysis. 

One you can move up slower at renewal, the other you just cut your losses and prepare for a new tenant. 

If the work wasn't done to code, you could end up paying repair costs, building code fines, and suffering loss of rental income, since some jurisdictions don't allow you to collect rent until the building's defects are cured. 

However, now I'm motivated to get my losses back and get back into the game again.