Just for reference - we rent fully updated SFs and charge above market rents, so I am not suggesting slumlord conditions.

make it contingent upon getting approval from the townshipWhere I am you pay $100 fee to the county or town for a ruling one way or another

Vacancy (figured roughly based off 5% of monthly rent): $70Rent: $1400Cash flow: $110Another pro to this is that my family will be taking care of property management because they live in the area with several other properties around that they currently manager for free of charge (I will be responsible for capex costs, but day to day managing will primarily be done through them).

condition, location, is what drives rent rates,, you won't know what can be charged unless you compare to others in same area,, might look like a peach outside but is a lemon inside. 

If you need more help, I'd contact the local government entity in charge of titling mobile homes in your area and explain the situation.

Applicable fees: assuming you are zoning compliant, building and zoning permit (Accessory Building, Fence, Landscaping, etc.), Parking Lot Lighting, and Thorough fare Fees at a minimum. pages 14, 16, 23 of the Raleigh fee schedule Expect $400 or more per space in fees alone plus attorney costs ($273/space Thorough fare Fees alone)Or... run covertly. 

It's horrible from an ROI perspective but *if* I need the money I don't want to have to worry about minimum balances, dropping below a balance that might initiate a monthly fee of some sort, etc.  

Why would you want to deal with anyone demanding non-refundable fees when that is NOT the norm for the RE industry?

Does it have to be a third party service that charges you monthly, or can it be done by a plumber without monthly costs to third party?

The bank does not want to own your property, get back & late fees, or any of that other stuff that turns a loan into a non-performer.