Hello, I'm not the best source for design tips, but as a broker/ lender the biggest value adds that you can get on rehab projects come from improvements to the kitchen and bathrooms.

It's always tough to know if someone is just complaining or truly has something to point out that you can improve on.

They're also focusing on improving roadways and infrastructures to bring in new businesses to that area. https://sanjuanedc.com/another-project/I do advise to look at each cities economic development sites.. they offer a lot of information as to what projects will be coming to those areas and it'll give you more or less an idea as to what city you'd like to invest in. 

Plus, if rates drop later on, your position will only improve.

This gives me a good little pushFrom what i've heard, the biggest regret on people's death beds are "I wish I would have" rather than "I wish I hadn't"Mistakes will happen, learn from them and continue to improve.

You mentioned the rents were below market rate...if you do the improvements/repairs needed, how sure are you that you could increase the rents? 

On Buy & Hold: They must have at least six months’ worth of operating expenses in addition to downpayment if financing, closing costs and improvement funds if they are upgrading the property.

And there may be somewhat of a combination of site improvements included (sewer/septic, water service, etc, to the MH sites).Then the income approach would be looking at the cap rates, as Roger mentioned.

this is a toughie. hard money specifically is equity-driven, meaning they'll likely want 40%+ down to even entertain the deal. additionally, land without improvements is often very inexpensive (relative to land with improvements), usually pushing below a threshold which makes sense for a hard money lender. if you're not intending to build right away, then i think you'll have the best luck with private money instead of hard money. usually higher leverages than hard money, and more negotiable terms.if you are intending to build on it pretty right away, a ground-up construction loan could work, but those will typically require some ground-up construction experience (on title on other ground-up deals), or an extensive portfolio of heavy rehabs/ rentals/ strong liquidity. those will give you acquisition monies (to buy the land) and build monies (to build the improvements).

I also did a video interview with Jacob Rappaport that is about 36 minutes on YouTube that is phenomenal and he talks about the pros and cons of different set ups. it changed the way I structured my rental business and I have watched it several times since doing the interview with him.