There is no wrong or right here but weight your options and benefits.I personally wouldn’t reduce rent but if you were, try a little off like 25$ and maybe offer them a new microwave(cost about 300$ but you get the benefit of an upgrade appliance when they leave next year)I don’t know your market well enough to give solid advice on what you should actually do so I’m just offering perspective If they are good tenants and you want to keep them then maybe give in a little, it’s not the end of the world whatever you choose, sounds like your not in a bad spot and ideally you want to keep tenants.

It might be easier to renovate it and make it a residential spot with possibly more bedrooms and higher rent.

A local real estate investor is "offering" $55 an hour to sit down and talk with about how to get started. Is this a gurus scam or a legit investor wanting to help? How can I tell if I can get something how of it or n...

@Wayne Brooks  You're spot on.

The mobile home park business is not all about big deals, but the overall goal is to find deals that will be worth $500,000 and up AFTER you complete the project (that's the start of the sweet spot for bank debt).

And the comment above is spot on - leverage is great but you have to use it wisely. 

It's a good spot to be in ( :

Others (majority) think they can spot deals quickly.

You're going to need to know the area so well and recognize a good deal that you can make offers on the spot.

@Judson Offner Everyone's advice so far has been spot on.