Don’t expect to get close to the same rents as the new stuff if you are buying class-c property. 

I had a fellow classmate that would do day trading during class.

The better approach will be breaking down the deal a bit vs being sarcastic about it to get investors attention when in their minds they think $20k = D class war zone

Pick a solid B-Class suburban area.

@Bryan Richard you will find it difficult to get a large bank's attention, not because they don't like MHPs, but simply because the niche is so narrow they don't want to commit the bandwidth to the asset class. 

Hi,I have an 80 plus unit class c property under contract in Florida.Before I talk to my bank.

With that kind of DP, your cash on cash return on investment will be under 2% - comparable to leaving it in a savings account without any of the risks and associated work and worries - in which case you might want to consider other investments, other areas, other asset class, or other time (prepare yourself to load when a correction will happen). 

Pick a solid B-Class suburban area.

It is a working class area on the west side of the river- not much appreciation there over the past 20 years I have been following Rochester real estate. 

Meth cook houses are notorious for smelling of cat urine.