I was at a live tax deed auction once and the last property up for bid was a dilapidated 70s era mobile home on a leased space in MH park. 

You see it to a much smaller degree in Miami, as I was moving out we had 3 families rent out one 3br apartment two floors below us.

Of course, some of the potential tenants want flexible terms at start to get themselves set up in the space. 

Took soffits down (whoever invented soffits should be shot if not dead), new flooring, new paint, new roof (thanks hailstorm), refinished the deck.

Do you think they would do all that for a crappy 1k...lol They make no money renting out spaces and having employees.

Block construction cement floors with the floors sloping to a central drain. concrete counter tops stainless kitchen cabinets boob lights and minimum windows by code .

I work in IT at a local boat manufacture and my wife works in the office of a flooring company in Longview.  

I can fix almost anything and have experience with electrical, plumbing, flooring, roofing, siding, drywall, etc.  

Just some observations as I don't work in this space.

This amounts to lost opportunity because if you had purchased RE, at the closing it can start producing return. 5) ADUs detract from the existing structure whether this is privacy, a garage, or just yard space. 6) this is related to number 1, but there are many more buyers looking to purchase homes for their family than there are RE investors looking to purchase small unit count properties.