My thought is to upgrade the mobile homes and raise the rest for some serious cashflow.

Using a 1031 Exchange we were able to defer capital gains taxes and upgrade to the VRC.

-Add value: Look for properties that have the potential for value-add improvements, such as cosmetic upgrades, energy-efficient upgrades, or additional amenities.

Value Investing: Identify undervalued properties with potential for appreciation, often through strategic renovations or upgrades.

The 2 to 3 bedroom upgrade is one of the highest impact changes you can make. 

It is listed for $875, will not cashflow, needs around $15k in work to be renter friendly and $30k in upgrades over the next year and a half.

Hello Charlotte BPs,I am new to investing and upgrading properties. 

Really depends on what type of project you're working on whether its a full gut or value add where you'll pick and choose what you're looking to upgrade or not .

It has been lucrative over the warmer months (April - September) and has allowed me to make upgrades to my building, however, I don't believe STR's in Anchorage will make sense once the city passes its new regulations.https://mustreadalaska.com/public-hearing-new-short-term-rental-licensing-fees-and-fines-proposed-for-anchorage/?

They want to try listing the property without upgrades, or just minimal upgrades, and it soon plummets in the rankings.