How concerned should I be about the pending law suit?

Rents run about $575-$595.I like the sound of $150/unit of cash flow, but am concerned in my target market it's out of reach. 

@Anthony Wick There are a lot of great comments from the Professionals regarding your concerns, and although I can't speak with the industry experience they can, I share in your frustration with my own experiences.

That being said, many of the smaller towns along the coast and inland have a smattering of multi-family properties, which may be a better choice if you're concerned about school district, etc.

This seems like a population that could benefit from living in rental mobile home parks.Seems like you guys could set up some "Shabby" trailers on cheap vacant land somewhere at the edge of town (cheap taxes) and get the bus route to go out there to take them to work and shopping and fill a need.Sometimes people in Texas give older mobile homes away for the hauling.At $35,750 a year that's $3,000 a month Gross (with 3 deductions), they could afford to rent cheap trailers without Section-8.All you'd need is septic, electric and propane out there.A shabby rented mobile home at the edge of town is a lot better than living in the streets (supply demand),And it might cash flow attractively (with Class-D management issues of course).Just my 2 cents on this.Good Luck!

I have bought rehabbed and sold 5 in park mobilehomes in last 6 months have 2 owner finance contracts which have tied up  cash flow

Only concern would be 121 exemptions and financing requirements for investment property.Mark

If so do you know what needs to be done to do a Mobile home data search or even a SFR data search?

BP has TONS of good podcasts and articles about what people are concerned about when buying a duplex (have you met current tenants, what do rents go for in the area, is there separate metering for each unit, etc.) 

One concern I've seen people raised is - will it be difficult to find a reliable cleaning crew in the Hi-Desert area?