The biggest con to manufactured homes are the building materials they are made of.

The biggest problem of working with institutional capital is that they find investment chunks under $10M to be bothersome in that they have that opportunity all day long so why bother with the real estate start up firms that work generally in th $1M to $5M space.  

As a landlord my two biggest (not the only) concerns are whether or not they can handle the unit financially and whether or not I feel they will take good care of the unit.

My biggest mistakes in partnerships was not being clear of expectations/roles, not doing my due diligence of my partner's FACTUAL background in real estate (not what they show me or what I see on the internet) and verifying that they even had a system or SUCCESSFUL experience in what they were supposed to be bringing to the table. 

Find the biggest investor in your area and pay them to mentor you, with a written contract.2.

Length of time to find a tenant is not my biggest concern, the right tenant who pays on time and cares for the place is paramount.

But my biggest issue was a 1-hour one-way drive to check on contractors on a regular basis.

They will only use a new appraisal after 12 months so that is the biggest issues with cashing out a good deal.I'm going to research other regional banks and credit unions but options are out there above the fannie limit.

If nothing else find out who some of the big players are and reach out to them and ask what their biggest problem is and how you can best be a solution to them, a great place to start can be as a helpful hand and learn everything you can from that "big fish". 

The biggest hurdle in these smaller affordable markets is forcing appreciation for refi or Brrrrrr.