Primarily because I’m a fan of Apple, but I’ll use Lightroom and a bit of Photoshop when I help my wife cull and edit her photo shoots. 

What you are trying to compare is apples to oranges.

For example we don't have any "application fees", etc.Know exactly how much you need to close and how much you will spend for the money by the time you expect to exit....compare apples to apples.

Note any differences, because prospective tenants certainly will.What I'm getting at is the low rent and higher rent properties may not be an apples to apples comparison,and to get the same rent it's more likely if they are very similar.That plus the current low rent tenants may not be able to handle a huge bump like that, so you will need new higher earning tenants.Good Luck!

The property is in the high desert (Apple Valley, Ca).

Also try changing your mortgage to interest only, you can get a 10 year IO, so your 2K a month loss is lot lower, but you still get a big depreciation benefit to offset positive rental cashflows.

You choose I/O or P/I payments.

@Mike Chu I’ve invested in Apple Valley with some success.

For sure comparing green apples to red apples considering LA , SFV is another unique animal.

However, we could list our home tomorrow for $140K.Clearly I understand that I'm comparing apples to oranges bc a mobile home is not officially real estate and our house is.My point is, I think (and I could be wrong) that I could rehab this property and sell it for $27K.Thank you all for the input, this really helps as BP is my one and only location for industry professionals to weigh in on this situation.I know my first deal won't be... well, ideal.