How is this a positive environment for real estate investment?

When I run the numbers based on these rents, the property operates at a negative cash flow.If I increase the studio's rent to $1,400 per month, the property becomes cash-flow positive.

It doesn't work as well now because it's hard enough to be cash flow positive with prices + rates and where rents are at. 

That would position you for the next project.

Thanks for the feedback @Steve Hiltabiddle.

Having more people liable for the lease is usually positive in my experience.

I see a disservice being provided in the given example by the real estate agent by not bringing creative strategies on both the sellers and buyers position on this particular deal.

On a positive note, 100% of the purchase price should be available for depreciation since there is no land associated with the purchase.I see a number of other double-wide manufactured homes available in GR, many priced well below $120K.  

This is going to keep your bid honest, rather than lazier and keep your cash position stronger. 4) The only time you spend in this, is finding & closing on the quality assets and playing devil's advocates for repair/rehab/fixing costs.

Other than the miscommunicated eviction, they have actually been very accomodating through the process and the issues with this one unit get resolved, then I would have nothing but positive things to say about the purchase.