The rental market is on fire and if it's priced accordingly you shouldn't have any problems renting it.One MAJOR potential issue might be with the condo association.

But it is a major pain in the ***.http://i2e.uslandrecords.com/NJ/Gloucester/D/Default.aspx

Have you spoken, with the current Management Company, to ascertain if there is any existing maintenance that have been deferred such as roof replacement, window replacement, major electrical and plumbing systems, etc.?

When you enter mobile home park land, your major concern is with the barriers of entry to SFHs and apartments.  

But there is a places and types of real estate which majority believe is going south already... 

earthquakes are a non issue here really as far as major property damage.  

Keep in mind the majority of my projects are $30K or less.

It would only require about $35k of my money, but that's the majority of my investment fund.

I put in 25k for repairs because I feel like any purchase needs something...If you have tips on what major things to look for in determining high cost repairs right out of the gate I would love to read about them. 

When this plumbing is broke, it could break anywhere along the pipe and cause major ceiling damage or flooding to the home in excess of the cost to replace with more reliable pipes.