Having said that, mobile home parks tend to have some of the higher cap rates used for any asset class, primarily because of the stigma that is associated with them.

I've been emailing one of the founders back and forth and they are very interested in pursuing the idea into the mortgage space but we aren't particularly well versed on the "nuts and bolts" of how to dig up mortgage notes that would fit into the mission.  

Good question....I would probably be interested in attending in the future, but the next 4-5 months are just totally nuts for me. 

In my experience the tenants in that area tend to be more hands-on, and you'll get a decent number of inquiries from people with Section 8.

Areas with decent schools on decent streets tend to be around 1200-1300.  

Couple that with the fact that it isn't a hot market and homes tend to sit a bit longer in this town and this one is probably a pass for me. 

If it's a manufactured home built after 1976, those tend to have a higher quality of construction than anything pre'76.

That tends to be family and friends that can loan you the down payment.  

The 4-plex units tend to be on the older side here in Vegas.

I tend to fall in the camp that @Joe Villeneuve is in.