I have a rough plan to do so but would love the change to bounce it off someone and see how I can improve.

Do people really have lawns nice enough to improve a property's looks in Canada where it snows?

Arguably the process could be improved, but totally taking away protections is a mistake.

That way, I can keep cash in reserves for any major cap-ex, OR, I can use that money to make improvements to the property and charge more for rent.

When evaluating mobile home parks you would need to know about market value of current homes, are they single wide, double wide, is the park 100% full, are the utilities public or private, if private are they in good working order, what are market rents for homes in the area, what are rents for apartments, how much is the lot rent, how much are they paying in rent on each home for the 50% currently owned by the park, is it in a good market, are the rents being paid at market, are the lot rents at or below market, what are the real estate taxes, is there rent control, what capital improvements are needed for the park, etc...

Good Afternoon (sorry this is long but want to give a full picture)I bought my first house here in Denver Feb 2020, my budget wasn't huge so I have a 640sqft (2br1bath) single family with a large yard in a C class (assumed) but improving neighborhood.

You can qualify for an FHA loan with less than 5% down, improving your buying power.

In fact, they probably don't even know what they own because they most likely established a family office and have a staff in charge of it.2.

@Patrick Thomas Dickinson the simple (and only) answer is to buy as many doors as possible in the most stable and growing market you can find...this would take on the form of a small multifamily property...probably in the 8-12 unit range within 20-minutes of a major metro city....you can find this in Columbus, Cleveland, Cincinnati, Kansas City, Raleigh-Durham, Nashville, Indianapolis, and other comparable cities...they key is finding the property...C-class value add with a strong property manager and you're off to the races...5-year hold with improvements made, operating expenses lowered, and income driven higher means your valuation will come back with enough equity to pull and repeat the process.

We set up new park rules and leasing guidelines and slowly cleaning up and improving the park condition.