Pros:Strong cash flowMajor affordable housing shortage in the countryBarrier to entry - zoning prohibits new parksPride of ownership - the residents own the homeLower operating costs - the residents own the homeLower touch - the residents own the homeSticky residents - costly to move a homeEasy to raise rents - costly to move a homeRecession resistant asset class - affordable rentLarge private equity funds are entering the space - drive prices upMom & pop ownership - opportunities to improve NOI and valueLower entry cost per door - less capital neededCons:Not sexy - smaller resale pool (but that's changing)Stigma - some counties try to stop operations (poorly operated parks, criminal activity)Stigma - some people don't want to live in oneLower credit quality residentLess appreciation potential, unless forcedNiche investment - helps to have scale to properly operateMany banks don't understand it - tougher to financeOlder assets in many cases

These resorts have amenities guests love, pools, spas, clubhouses, water slides, mini movie theaters, tiki bars, tennis, beach volleyball, basketball, games arcades, playgrounds and some even have restaurants.

My point is you can't be complacent  in this business.If you don't have prior experience of property management or being a landlord, it is worth working with another (super) host for a short term or long term basis.

@Joseph Woodman Lots of factors here, but why not get your feet wet first just to see if landlording suits you? 

Not only did he fall into a situation where he couldn’t pay rent, but he couldn’t work through the issue with his landlord.

What better way to become a landlord.

The complaining tenant thought that water was covered by the landlord (which was not the case).

biggest pit fall Is chasing return and buying basically the lowest value asset in a given MSAthis will bring along with it the lowest common denominator in the tenant pool.. read into that toughest to manage and most risky.

Unfortunately, it sounds like the seller of your property gave them much more leeway than most landlords, but now that you are the owner the best strategy is to follow any remaining terms of your lease and follow the legal procedures specified by your state.In the long run, this will seem like a little blip. 

If your interested in being legal th efirst thing you do, before you buy a property, is to study your state landlord tenant regulations.