I have lumber liquidators, home Depot, Lowe's, and who knows what else near me (central CT).

I have some lights on what to do, but I would love to know opinions from others!

And as I explained earlier, your investment is protected by real property, so your risk is extremely low. 

Quote from @Miguel Del Mazo: @Bonnie Low I went to check out MiniStays a while back, and it seems like a good site. 

Assuming a 40% expense ratio, the net operating income at the current income level would be around $19,440 annually and $28,800 after renovations.At a $360,000 asking price, the cap rate based on current NOI would be 5.4%, which is low for a park with park-owned homes and required renovations.

Very few updates were necessary for the property because it was a new build, yet we made interior updates as all dimmer lights and updated the bathroom tub.

Look for a location with low crime, then look for the neighborhoods with the best schools.

Fixing a leaky toilet, replacing a broken light fixture, etc. can create good will.

- My first thought is offering cash, but the home owner would most likely just let it go to foreclosure because of how low the offer would be. - My second thought is offering some cash and taking over the loan - there are no liens on the property yet.

What they will offer you is an appliance package, or closing cost help, or a low fixed rate loan.