Quote from @Karen W.: A few years ago, we purchased a 5 acre piece of land that already has a foundation and septic, hoping to eventually obtain a construction loan and build a home.

There is an abundance of supply, high price tag, it's more of a corporate travel town than a vacation destination (meaning that 1-2 bedroom units are in most demand, which puts you squarely in competition with hotels). 

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

Personally, I think we are seeing quite a few MF properties hit the market in my area because Washington is becoming harder and harder to be a landlord.

I know I can get floors on my jobs refinished for $2.75-3.25 a square foot. 

So if one can buy dirt at a reasonable price get it approved and built and filled up as stated above they will force equity and have a very good investment that is worth a ton more when completed etc. the issue out this way is finding any dirt you can actually build a park on  most cities wont allow them then you have the other barriers to developement and absorption like I mentioned above these all factor into it.. out in the mid west and deep south one can buy a park for 7 to 10 cap all day long.. in OR WA CA your going to find it difficult to find a park above a 4 to 5 cap.

Panel is Square D, I think my biggest concern is the 14 year old roof and the PEX piping. i didnt know you could break out coverage like that. 

Build or buy a Self storage location and build a 1,200 square foot resident manager home for you to live in for $60,000.  

We've installed several thousand square feet of Lifeproof shaddow hickory across our portfolio in Western MA and Central CT over the last few years and it has held up great.

In many jurisdictions (Washington, Oregon, California & others) it is unlawful to contact people in foreclosure unless you are an attorney or real estate gent.8.