The mobile homes you are purchasing will likely be decreasing in value, but if you can get great consistent cash flow that might not bother you so much.

Are property values increasing or decreasing?

I want to decrease our leverage ratios a bit this year and strengthen our balance sheet and this seems like an efficient way of doing so.

., real property gains value with inflation, while the value of a note will decrease with inflation.Another angle on this.

As their revenue increases, your profit decreases. 

They will see that the initial guidance was before you purchased, and the "whoops" message recalling you to the office was less than 12 months from the purchase, ergo nothing calls to question that your intent when you purchased was totally above board, this was unforeseen and unforeseeable by you.Some of the more conservative lenders I work with likely would not go for this scenario (which usually lines up with the "big bank" answers to such questions), but some certainly would and we do these not infrequently.

I guess it became red ocean(too many airbnb), and demand might be decreased, or permit issue?

My first advice is to start saving and decreasing your expenses.

Real estate investors should be aware that higher interest rates can drastically decrease the amount of cash flow they generate.

They just do it all wrong and I know in an 18 month to 24 month period I can increase rents $80.00-$100.00 a unit and replace a low class tenant base with a stronger, higher class tenant base, while at the same time decrease wasteful expenses that the previous owner was not aware of our was just giving up and wanting to get out.