Regarding used mobile homes, you'd have to inspect them to see what issues and/or repairs are needed.

The total loan amount for the purchase and rehab can't exceed 75% of the after repair value of the property.

Can easily be repaired. 

I just bought my first rental property, and it came with a pool that needs some repairs that could be fixed.

Hello BP community,I have given termination of lease to end this month to a Sec 8 tenant who violated the lease with subleasing, damage, and failure to cure and repair damages est. $35,000.

If you have the means to hold the property, make the repairs to the foundation and wait for up swing in the market, I would try to hold it.  

Many projects go over budget due to unforeseen repairs or delays, and having a financial cushion is critical to staying on track.4.

I’ve gotten quotes ranging from $6,500-$12k to repair and waterproof the exterior walls, plus there's the added cost of repairing and repainting the inside walls.

If your lease includes this provision, I recommend issuing a lease violation notice for not allowing maintenance to enter and carry out essential repairs.  

Run the numbers, but if the 1960s home hasn't been maintained, you may have some expensive repairs coming up.