However, I kept digging and learned the taxes are really high for out of state investors (~4x vs a primary resident), which eats into cash flow a lot - as much as ~20% of rent.

Did some digging and 2BR 1BA 850 SF units in the same place are selling for around $120-140k in the past year.

@Zander Kempf Digging up an old thread here but did you happen to pursue this strategy?

@Adrian Pagano ok thanks, I'll have to dig more into the listings I'm seeing, I'm guessing then the rentals I'm seeing that are un-rented for a while are overpriced.

@Sandra @Sandra Regnell I would love to dig deeper into the question behind the question (which I'm guessing is "What should I focus my energy on next?)   

Do you mind digging deeper on what sort of financing challenges you experienced in the 11th hour? 

I'm trying to avoid having to spend a bunch of money digging up dirt if there are better ways to use that money (i.e. solar). 

I have been digging into the pros and cons of MHP definitely great opportunity when you find the right ones.

Nonetheless, this is the world we have created, and we have a big hole to dig out of.

(So dig a little deeper in area searches) Irvington for buy and hold properties (this area has been unique as well as stable for some time with buy and holds), other areas for fix and flip would be Haughville (truly seeing some changes in the market recently and level of finish to homes), Brightwood, Bates-Hendricks and most recently near Riverside bound by 16th St to the North, 10th St on the South- Indiana Ave & River/Fall Creek East & West.