Manufactured homes for first investment!

[Omar T Sharaf]

Hello,

I'm looking at my first property to buy, it just went on the market last night. It is a 2 bed 1 bath manufactured home. Asking price is 39,000. Year is 1978. I ran numbers conservatively on it and it works. I can get 800 a month in rent. I will be financing this with 20 percent down. Have not walked the property yet, but my realtor is working with the seller to let me walk it.

Please any advice from experienced manufacture homs investors. What should I be focused on when it comes to these types of homes. I understand they do not appreciate. I plan on doing a minor rehab in the property based on video floors need updating a possibly kitchen and bathroom. Is this a good idea to rehab or rent as is current condition. Condition is not unlivable just not modern looks.

Is there anything I left out that I'm not looking at?