You do not have current REI experience or handyman skills but have willingness, energy and 50k cash for investment and want to build passive income via Real estate keeping your current job until foreseeable future.I would network like crazy looking for likeminded people to team with and pool your money together. 

I had a similar experience with a group of teenagers we actually let stay at one of my pool cabins.  

I can think of many other places that would be a lot worse.And Congratulations on picking up a tax free $100,000 and a new home at the same time in beautiful sunny Southern California.Good Luck! 

I have a scenario where I have found a manufactured home on a permanent foundation in an area where you own the land & have a very small HOA to pay for water, pool, parks, rec room etc.

So even if you don't have 100 investors, you can raise the pool really quickly once you lock in a deal if you've got a handful of well-connected money people.I hope that helps.

The only way to get learn what works for you is to jump in the pool.

In red hot markets similar to the ones you describe, working with the listing agent to "double end" the deal will give you a better chance - especially if your competing against a buyer pool that's paying all cash, going hard on earnest money early, and promising quick DD, etc. 

She can go down the block or the the State Insurance Pool and get something back within a reasonable range.

I'm looking at similar up closer to Seattle for the same price with an indoor hot tub and indoor pool.

That will eliminate those homes from the rental pool, which then lowers the supply and likely will raise rents further. - It may take a long time to get approved by HUD and may need $ thousands in upgrades to come up to HUDs requirements for some properties.