This is not located in the immediate appreciation area but it has the potential to appreciate in the longer run. 

For a reputable builder, ask for recommendations from friends, check online reviews, and visit recently built properties in your area for ideas and potential contacts.

But maybe for the 1st rental that might be the wisest option.As a realtor, do you see any good potential starter options?

Increased Institutional Investment: Large investment firms and private equity groups are recognizing the potential of mobile home parks as a stable asset class, driving up purchase prices.

I specify in the lease that tenants still must maintain a clean, hazard free, etc. consistently. 

I think doing background/credit check yourself is of course the best way to try and vet potential renters 

I would generally say if more than 10% of your potential investors are going to be asking about it, it should be in the offering memo.That being said, I have seen one page word documents used to raise over $10mm and I have seen 40 page, full color with professional photos, etc.  

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

It's definitely confusing when the potential cap rate after rent growth could drop the value so significantly. 

Together, you can carefully consider the financial aspects by comparing the potential income from renting to the costs of selling, including any repairs needed to make it more marketable.You may qualify for a conventional loan with a down payment as low as 3% to buy a new one.