They did ok breaking somewhere even over a 10 year period, then Covid came and everything doubled Occupancy, Rate and then Value. 

Property taxes will INCREASE after you buy a property and often double or triple from what they are now.

You could never do that with a mobile home park unless you can double the rents in one year (which would be world record).

@Andrea Evans I think:Worst Part - Lots of pitfalls you can fall into if you do not know what to look for like buying and property taxes double, suburb rental license, buying a property with violations, not understanding the importance of lease documents, etc...Best Part - There is so many opportunistic corners or niches in the city and suburbs that most out of state people do not know about and out of state investors never get to cause they get caught looking at cap rates on the south side and in south burbs. 

Everything will be split 50/50 and both parties agree not to sell until property doubles in value.

(I wouldn’t sell most of my properties for double the assessed values…)If those “similar” homes are being taxed on a a lower value (not total taxes as 90% of them will be owner occupant or long term owners or both.) then those are your evidence in the taxable value fight.

I sold it in the mid 400s so we made 100k on it at least double our money COC in less than a year. .

The main items depend on the age of the house but typically include; Electrical- non-functional GFCI, double tapped breakers, missing knockouts on the main panel, missing electrical boxes and or covers, open-air splices.

Make sure you're working with a reputable business and double check they have insurance.

That house has returned all my initial investment and going on double the initial investment.