Manufactured homes in a park tend to appeal to the elderly because of the one level living space, proximity to neighbors (pros/cons), and easy maintenance when it comes to the yard.

I tend to buy based on price per door and what I want to see in an area (and what I've paid) and price per rent ratios (also based on what I've seen traded / what I've paid).So on a simple "how much are you paying for that rent roll" basis, that property is fine IMO.  

When they hit 15 digits, they tend to be more playing their money safe than anything else.

Properties here tend to rent out fairly quick as well due to it being a university area. 

It probably isn't worth your time, because regardless of whether or not someone can build condos tends to have little effect on whether they think they can. 

Also, inspectors are paid to nic pick everything so they tend to be overly cautious.

This is how I tend to handle things with our tenants and I'm usually the face, not my husband. 

We only recommend professionally managed units, since they tend to appreciate in value better.

@Kris Haskins  its just another version of the Nigerian prince scams.. run by those who tend to be foreigners.. you can tell by rusty English and unusual wording in sentences etc.  

REO properties do tend to have title issues - if that were not the case, then it might make some sense to forego title insurance.