I respectfully must disagree with you.First of all, in the United States at least, the buyers and owners of manufactured homes span a wide variety of the economic spectrum.

So, me personally, anyone who says Newark is a great place to invest (for buy and hold) I respectfully disagree and think it shows they're clueless about the law.  

While securing financing, one well-respected lender told us we can easily classify this as a second home and qualify for a great rate with 10% down. 

If you do just a little bit of work up front to get your vendors/systems in place, set the expectations with your tenants and create a respectful/mutually beneficial relationship with your tenant, it is a breeze.

With all due respect, you are not offering enough information for anyone to help you out.

Thanks again for your input and best of luck to you both in your respective ventures.

My girlfriend and I both work in downtown B'more (we both walk to our respective jobs), and we really enjoy renting in the Federal Hill location with its proximity to restaurants and the other perks of city life.

best advice I heard my respect to you sr Mr Stepen Anderson

Orlando and Tampa are actually the number 1 and 2, respectively, cities in the country for real estate investing according to Inman so you will have plenty of opportunities!

A 203k Loan is where the purchase price and rehab costs are rolled into a single loan.Assuming you have a respectable FICO you can buy, with a FHA Loan (3-5% down, a 30 year amortization schedule, and a residential loan rate).