I've been asked by a relative in Oregon to find out about selling a note for about $100K on a manufactured home (double wide) on 1.2 acres in Irrigon, Oregon. 

Our cap rate ranges from 8 to 12% on these units.

Keep in mind there is not too much available this time either, so the lower demand meets also lower supply.We have a new 4 bed single family on the east side for $2,350 and had 5 showings / 2 applications this weekend, that's a fairly good outcome in this price range, which is naturally much slower than under $1,500.One of my mantras is that the house will pick the tenants - a nice house will attract nice tenants, a wired house will attract wired tenants.

@Steve Maye Subdivides can range from a very simple split to a complex development.

We are buy and hold investors, so we are looking for long term financing with current loan amounts in the $100-300k range.

@Austin Steed , using that formula seems to put the property into the 65k-85k range. 

Find out what kinds of properties they're interested in, what their price range is, what kinds of rehabs they're comfortable with, and where they're looking to buy. 

Definitely not as active here for investing as it is on the front range but that's not a bad thing.

The BRRRR rentals generally are in the 8-9 range assuming that you bought right, didn't over rehab, and charge the correct amount for rent.

After walking the properties that are competitors and price, see what range is correct and make a decision from there.