It also may reflect a property in which the majority ofshort-lived building components have been replaced but not to the level of a complete renovation.C4The improvements feature some minor deferred maintenance and physical deterioration due to normal wear and tear.

This helps you protect the home from deterioration and also gives you a checklist of repairs that you can expect to be cited by another home inspector when you sell the house or arrange a section 8 lease. 

If investors don't buy them, fix them up, and rent them then they will deteriorate and make the rest of the neighborhood look bad.

What was once an area of deteriorating century old smaller rentals have been snatched up and rehabbed by young professionals who are not attracted to the 2700 sf homes in subdivision sprawl.  

Mobile homes both deteriorate and depreciate.I also have several friends who purchase mobile home parks 30+ years ago when prices were cheaper and my friends are filthy rich.

Also be aware that some old farm houses have underground gas tanks that have deteriorated and contaminated the ground, this is a big concern that many people overlook.

Knowing that it needs repais and updates.My value proposition would be basically that the bank would have a note for $X versus a deteriorating property with no active management.I want a loan based on the property's cash flow, and am willing to do a personal guaranty.

When I visited to take photos recently there is a small deterioration to the walkway at the end but its no different than any other crack you might see on a city sidewalk. 

I would just ensure that you can determine the extent of the problem and are fairly compensated in the transaction.The home I just purchased had some deteriorated grout in the tile surrounding the window in the downstairs bathroom, this was negotiated out of the price.  

However, there are literally thousands of MH rent/lease parks that are in socio economic areas that are not desirable to live in let along invest in.Unfortuantely many if not most of these parks will only continue to deteriorate until eventual economic eviction strangles the entire park and there's no choice but to close it and try to rezone it for a higher and better use more conducive to the area.