@Julie KernI’m definitely looking forward to any posted progress you want to share.You are further cementing the idea to focus on one niche before moving to the next when it comes to RE education.I need to get that drive you have for locating Mobile home parks.  

Prior to my purchase there were electrical cords running under the carpet up the stairs to run window air conditioners.

We fixed some concrete drainage issues in front of the house, painted the interior, fixed some minor siding issues, redid the stair steps, and 2nd floor hardwoods.

@Susan Ali I would start with installing ceiling exhaust fans they wire in fairly simple. 2nd I would remove the water damaged area and see if there is any moisture damage above it indicating a leak from up stairs.

Upgrades include:- Interior paint- stairs leading upstairs were oak.

. $8500rekey all doors $300Replace door to basement $650Patch/paint interior $5500New carpet bedroom $650Replace stair carpet . $300Replace bedroom and hallway carpet upstairs $1750Fix missing doorknob on bedroom $180Patch/Paint ceiling bedroom 1 $350New full bathroom vanity, flooring, shower/tub surround, toilet, medicine cabinet, paint $4000patch/paint ceiling bedroom 3 $750New light fixtures throughout $1900You most likely will also need a new roof.

The typical pricing is roughly:Pre-HUD (1976 and older) around $1,0001977 to 1979 around $3,0001980 to 1990 around $5,0001991 to 2000 around $10,0002001 to 2010 around $15,0002011 to current around $20,000Those prices are based on being fully renovated and ready to go with solid stairs and skirting.Any renovations you do would need to be subtracted from these retail prices.Note that this is extremely general -- in California a $10,000 home might sell for $150,000 and in Florida a $5,000 home might sell for $50,000.

And trying to add workers  imo, etc. is wholly impractical- you might as well hire a licensed and insured landscaper to do the work  Remember, any tenant can sue for any reason- slip on uneven surface, slippery stairs, etc., so there are always liability issues with rentals.

For another 92k you have complete control, your 100k investment is safer, your business/livelihood is safer, there is a huge profitability potential upstairs.Definitely find out more about the up stairs and what can or can not be done.If you can get a loan from the bank no problem and don't intend to finance numerous other assets then seller financing is not important for you.Multiple exit strategy- Rent the upstairs as retail space, convert the upstairs to residential units, quit your business and rent the down stairs, sell the whole building.

Some areas you just have  to have no peeling chipping paint (interior or exterior), no painted friction surfaces(stairs windows).