@Joseph Palladini There are a lot of variables that will need to be considered.

I spent a lot of time on roofs in my younger days, I just don't feel it's worth the risk now.Our long term goal is to generate enough passive income to at least match the current combined income of the wife and I.  

I like to add a nice tile backsplash in the kitchen and upgrade bathrooms with tile shower surrounds because I can do those myself and they add a lot of value.  

In addition to that, banks will only finance against the "lot rent" component of rented mobile homes on land.A $150,000 Park would need about 12 homes with a lot rent of $200 per month assuming a 50% expense ratio and 10% capitalization rate.If none of this makes sense to you I would highly recommend the Mobile Home University Due Diligence Manual.  

I do a lot of rehabs every year, mostly on Oahu (one on BI right now, too).

Lots of good info here on BP, just sift through and drink up as much as possible!

From the research I've done, there are a lot of lots for sale, which for me means two things: 1) War zone 2) On the edge of something decent What do you think about it? 

I spent a great portion of my life in school and as such lost out on a lot of financial/investment opportunities since I was in school or in low paying jobs in order to gain experience.  

Stephen,Is the reason, besides needing a lot of work, that it is costing you more than you figured ?

I do a lot of driving for my job so I've been taking advantage of BP's podcasts!