I would consult with a property manager in that area, or even check the local listings to test the temperature.

Should I consult a contractor for a total estimate? 

You might need to hire a lawyer, and/or a CPA, and/or a tax consultant to advise you on the best way to go.  

Two lawyers I consulted suggested LLC.

Big banks tend to be ubiquitous at being horrible at speed and reliability. 

You may lose the EMD - i would consult with your legal counsel.3) I do think this is a major defect that should not be covered by a simple "sold as is".

My current property manager does not want to deal with a mobile property.Also the management costs of the tenants, who may not be blessed with secure income, or may not be in a position to automatically deposit the rent on a predictable and reliable schedule.I am only looking at pure cash flow, as I don't intend to flip the properties.My head tells me that lower end properties yield much better cash flow numbers, but my gut is not convinced or ready to take on the unknown management costs.

I'm not a tax advisor so consult yours but I think you can depreciate the whole purchase price since there is no land basis

You might need to hire a lawyer, and/or a CPA, and/or a tax consultant to advise you on the best way to go.  

Hello Everyone, I just bought a rental and I'm looking for a reliable handyman to do minor repairs before putting the property up for rent.