I’m guessing the rental market in Alexandria is very strong so you’d better make it worth it.

I was willing to let this go and move on before Gregg chimed in, but now I felt required to set the record straight. 

pack your trips with showings and meetings.if it's not worth it to you to spend some time and money doing that... then don't spend tens of thousands of dollars on a property.

Hey @Jeff Ryan, Let's say the mobile is worth 120k (which seems really high for a 25 year old double wide).

This property is now worth $300000 more than the purchase price.

It might sound fancy, but it's worth considering.

If you're expecting property owners to sell their home to you at a discount, you'll need to earn their trust - whether that be by demonstrating a successful track record with purchasing/selling similar deals OR by meeting them face to face and separating yourself from the dozens of local investors and realtors.Lastly, I'd recommend searching past posts related to this topic as well as checking out books related to your target investment strategies.All the best!

GRM and cap rate both looked great, but when we pulled utility records, we found heating costs in winter were brutal because of old, inefficient systems.

You've got a book's worth already :-) I admire your perseverance!

Unless the 600k property is in some crazy appreciation area, or conversely the 300k properties in depreciating areas, 1.2 million of property is going to be worth more than 600k worth of property in the future.