As a lifetime RE investor of both site (stick) built and MH's I can tell you first hand that I've never lost $$$ on MH's in these areas and I own and will continue to buy and sell them until I graduate to that big MHC in the sky (God willing).Buying on the cheap may sound good to a lot of folks but in the big picture it doesn't always turn out so good.

Even if there is a 10 percent vacancy rate AND there is a significant CAPEX, your gone be making enormous cash flow with 20% down.I obviously don't know the local market there but I'm curious how these deals are even available and why local real estate investors aren't gobbling them up.

What kind of percent is reasonable or acceptable?

About 90 percent of our county's auctions are listed there.  

I had one client who insisted on setting his rental price at least 20 percent above the comps in a C area simply because he thought he could get it.

I currently don't have the savings to put down a 20 or 30 percent down payment on a tradiational loan, but I have looked into financing or FTHB loans. 

Lifetime and needs every month but we alternate between Waltham and Worcester.  

I pay cash for all of my properties and I know what I want for a roi (20 percent, I know, people call bs but that's what I make).

If you are going to use a property management company they are going to charge you 10% plus or minus a couple of percent, and they will likely charge you are new-lease fee, likely 1/2 a months rent.  

I told him I could only pay 60-70 percent of after repair value and asked if he still wanted to meet.