You can go to D Class areas in cheap markets and build a big portfolio.

It very well could be from leaking pipes below but just as often in mfg housing its just old age and cheap wood to begin with.

Maybe I should look out of my area to invest in something cheap.

It's an easy, cheap, and automated way to stay stop of mind.

------Rarely connected enough locally to get properties cheap enough and they get ripped off by contractors who know they aren't closely being managed/monitored.You can run all the numbers you want, but they're just a TOOL. 

Nothing here convinces me its an easy path to cheap real estate, just the opposite. 

.$160,000 for a 2,000 sqft house is cheap, even for Milwaukee proper.

Which is why you don't see many legitimate "listing services' who will just post your property cheap. 

They are cheap. 

Verify charges are fair - Cheap Carpet and pad is about $2-2.5psf installed.