Sellers want to base price on forecasts, but the established cap rate range is off of achieved NOI.  

During the downturn, this was a viable investing model. 

To piggy back what @Hai Loc was saying, another way to look at the deal is look at it as an Airbnb model if your location allows you.

A few hundred bucks is a small investment in your investment, and making the trip will allow you to see some of their handiwork, tour neighborhoods, and get a feel for who these people are that will be responsible for making your investment a success.If you have any questions about the turnkey model or the Birmingham, AL market, feel free to reach out any time.Good luck!

the home is a late 70's model 2 br 1bath. 

He has built a business on the model of giving most of your content away free to build your audience (tribe) and then sell them the most valued, exclusive material.

Please recommend the rental model I can opt, resources to learn. 

I use Evolve because it fits my STR business model which relates to how much I can spend on a management company, advertising, etc. and how many hours a week I want to put into the business. 

I was also wondering what flooring type/model did you use. 

However, if you model what the above mentioned park did, you could likely buy an RV or Mobile Home park that was already zoned as such.