re: Value of rental property

Fwiw OP, I see trailer foreclosures for sale all the time for $20- 40k on multiple acres. I'd love to pull the trigger, but none of them are close enough to me or with large enough tracts of land 6+ acres or land that is useful to me. I don't want to drive 45 minutes each way for a trailer on 2-3 acres.

Imo there are just too many cheap ones out there for someone to buy top dollar for rentals.

I believe banks hate to have them on their portfolio and usually try to fire sale them pretty quick in foreclosure. Let's be honest, there's a reason trailer financing is much higher than mortgages and that's because people default a lot so there is a good bit of inventory out there at any time .