You can't squeeze blood from an old stone, just by gutting it and putting in new cabinets and marble counters if your Sale Price is going to be the same as the New Town Homes in the same area. 

@Patrick Philip Just to clarify, most mobile home parks in Florida fall under chapter 723 mobile home communities of the Florida statues, which has some different requirements for leases.

@Keith Marble you are missing a lot of the expenses (property management, repairs, maint, vacancy, loss to leas, reserves, etc.)There is no way insurance is $320/year for a $200K property.

The courts use this statue below, and a working furnace is considered necessary for a home to be fit for intended use.  

If the seller wants all the marbles, probably best to walk.Remember that you are after cashflow, so if it doesn't cashflow, it won't work anyway. 

Here is from FL statues 475.43"All contracts, options, or other devices not based upon a substantial consideration, or that are otherwise employed to permit an unlicensed person to sell, lease, or let real estate, the beneficial title to which has not, in good faith, passed to such party for a substantial consideration, are hereby declared void and ineffective in all cases, suits, or proceedings had or taken under this chapter; however, this section shall not apply to irrevocable gifts, to unconditional contracts to purchase, or to options based upon a substantial consideration actually paid and not subject to any agreements to return or right of return reserve"I will welcome the day when all the frauds and game players are mostly out of business.

Have a property inspection inside and outside performed and documented and start eviction immediately according to the steps outlined in the VA state statues.

Your statues are probably different from FL.

This is often used to clean statues and decks, but is also used in professional mold remediation.

I decided not to purchase this property, instead bought a house that already has rough hardwood floors (sand, stain, and seal) I do have tiles in two of my other rental homes though, one is marble and looks outdated.