It should be noted that if your buying REO's in a competitive market (say Cleveland Ohio) there will be multiple offers and the bank is going to ignore any of them that are contingent on an inspection.

@Andrew Fingado You can find solid cash flow in Gainesville, but its a very competitive market for multifamilies.  

Would this not be an attempt by the community owner to restrict competition in the sale of ones manufactured home?

The first thing you should do if you want to invest out-of-state is to see where you might have a competitive advantage.Make a list of every place you ever lived and where all of your closest family and friends (the ones you trust) live and then compare metrics on those towns.

This keeps the competition away and the returns higher.

But also, what does your competition look like in your area?

Even though your pricing might be competitive, the market in Rotonda West might have its quirks. 

If the answer is yes, you can go Nathan's route and maybe recoup a third or so, but IMO not worth it.We focus more on preventing these situations in the first place with solid screening and frequent inspections, once the damage is done it's too late.Milwaukee is currently the second most competitive market for tenants right after Mimai, FL according to the Q1 report from rentcafe.

It is a more competitive market than Findlay

With the increased competition among sellers, it’s crucial to prepare a listing to stand out among the rest and work to address potential buyer objections prior to going on market.