Structural & functional items usually need permitting (framing, roof, electrical, plumbing, etc), whereas flooring and landscaping do not. 

The house have a nice landscaped backyard with an area for growing whatever vegetable/spices/flowers they want. 

To get there, at a minimum you will have to:Repair the 11existing homes x $15k per home = $165kHunt down 7 used homes, transport, set up, make repairs x $25k per home = $175kSell all 18 homes to qualified tenants (you will likely have to carry paper on the homes, which will eventually return the capitalization above, but assume it will take 5 years or more)Repair the park infrastructure, roads, signage, the residence, landscaping, etc (let's assume you will spend at least $50k on this if you are lucky, though it could easily turn into a lot more) The bullet points above will likely take a couple years and it could take double that, depending on how aggressive you are, what the availability of good labor/contractors in Indy, and what kind of demand exists for that location.  

We did a little extra too, adding recessed lighting in the living room, painted the kitchen cabinets, added a 30’x30’ deck, landscaping work (still needs a little more this spring but we plan to do it).We bought it for $160,000.

Most likely replace the flooring, install some granite countertops, landscaping, probably knock down a wall.

@Farzan SetayeshNothing out of the ordinary, but I use the combination of the following consistently:- google photo for agent photo/video sharing- docusign for executing docs- acrobat X for all other doc edits- whatsapp for texts and phone calls- online money wiring or ACH for large items- paypal or venmo for smaller items- zelle or ACH for collecting rent- yelp or taskrabbit for misc repairs- lawnlove for landscaping or snow removal - skype for group meetings- Dropbox for online record storage- google voice for call forwarding - email for all tenant communications - autodraft for all utility & mortgage payments- online payments for all taxes & insurance - google earth to survey neighborhoods for out of town purchases - amazon or HD for online parts ordering The automation & streamlining of low value tasks enable me to preserve time for higher value activities.

There is definitely some minor exterior work that can be done-cleaning up landscaping, adding shutters, finishing the fence, edging the driveway, etc.

Don't overlook something as simple as ceiling fan, good vanities and nicelooking landscape with useable space.

{Roof, foundation, windows, balconies (if any), driveways, building structure, landscaping, signage...are all things to consider for repairs in this early stage - to decide if you want to move forward with a full tour of the property).Hope this helps...

The interior is finished, we just need to add some landscaping, and power wash the driveway.