Your mind is in the right value add space but this isnt a deal. 

Mind you, it would be much less expensive to rent when you go there given the very low nightly rates due to the overbuilding.

I'm sure another savoy investor will chime in and change our minds, but that's my understanding of mobile homes. 

@Nathan BrooksIn my experience, connecting with like-minded investors in Richmond can be done by joining local groups like the Richmond Real Estate Investors Group (REIG) and checking out BiggerPockets Local Forums.

Furnished Finder does make it tricky since you need separate profiles for each room, but platforms like Apartments.com or Airbnb might work better if you're aiming for full-house rentals or structured by-the-room arrangements.If you decide to rent to multiple individuals:Tenant Screening: Screen each tenant thoroughly to ensure they’re reliable and responsible.Clear Communication: Introduce potential tenants to one another Detailed Agreements: Use separate leases for each tenant and specify shared vs. private spaces, utilities, and maintenance responsibilities.House Rules: Create clear, written house rules to prevent misunderstandings.Inventory Tracking: Document everything in the home (furniture, appliances, etc.) to avoid disputes about damage or missing items.Also, market your property with its flexibility in mind—like proximity to hospitals for traveling nurses or universities for graduate students.

And don't forget to factor in design/furnishings into your budget keeping in mind your ideal guest avatar.    

But here’s something to keep in mind: when you sell a property, you usually have to deal with depreciation recapture, which is another type of tax.

I’m still new to BiggerPockets and looking to connect with like-minded investors.

As far as "mid-term needs", did you have any specifically in mind? 

@Nate Jenks one thing to keep in mind here that it would be pretty hard to take any equity out of this property after a year.