- I could pay cash - assuming this would improve my chances at best offer. 

I contacted the Realtor and asked what improvements have been made, and if the current month-to-month tenants are able to move out by time of possession (I dont want to inherent tenants).  

And of course, I would like to improve my ROI.I am willing to take action as needed, but not until I am ready.

More than 15 years of experience in an international customer service environment.My goal is to constantly improve my skills and knowledge of the real estate industry, particularly in sales, where extensive experience and expertise can be utilised.

The Association also has a couple of aces in hand, several units that were purchased during foreclosures in the depths of the recession that are now rented out, and could be sold to pay for capital improvements like new roofing.  

But to get you started, a few inexpensive items you can implement to improve the park quickly - create good rules and regulations for the park and enforce the "No Pay, No Stay" policy; improve the road frontage with a white 3 rail fence and new sign; do not allow dangerous breed dogs.After that, find the money for MHU Boot Camp and attend :)

Great find.Should only improve with appreciation.

@Anna Watkins @Steven Hamilton IIThere is case law out there to support a long-term hold being classified as a flip if it is substantially improved prior to re-sale.I'd want to understand how much of your time will be dedicated to this reno, how much income it generate compared to all of your other sources of income, and how many other flips you have done or will do in the future.If it's a one off reno, then you'll most likely be fine.

My mortgage broker says that 6 months is a good amount of time after purchase.... that way it is more believable that you have affected improvements... but in the end, proving that you've done the improvements is what counts... even if it's less than 6 months.  

We bought our first house in England while we were stationed overseas, and improved it while living there.