The properties will be structurally sound, a good location, and a good surrounding market but are poorly managed that are in need of minor cosmetic repairs such as, out dated inefficient kitchens, bathrooms, appliances, old windows, old inefficient lights, high expenses, old non-separate metered heating and cooling units, along with ugly curb appeal/landscaping.We will not purchase commercial properties that have the following issues:-A structural problem (interior bearing walls, foundation & exterior walls)- A significant environmental issue (underground leaking tanks or mold)-A neighborhood that has an oversupply of commercial properties and have a vacant rate of more than 15%.

I am looking to invest in 3 bed 1+ bath SF homes that are distressed and outdated to rehab and wholesale.

I Informed her that she has paid Feb. rent and the "last month" that she paid to move in will be applied to Mar 07 so that her move out date will be Mar 31, 07.

Thnks for setting me straight @Kristopher K....I think it is time for getting a new laptop as my system is outdated and not working well with all the new technology.

@Curt Smith and @John Arendsen I agree with both of you that some of the education related to mobile home and park investing can be overly optimistic, out dated and potentially risky for a new investor.I have several parks and have been very fortunate that all of them have done very well. 

Southern states tend to be much more landlord friendly, and the officers don't care much for deadbeat tenants either.The Sheriff department called me in advance to set up the "lock out date".

Here are a couple things you can do if you want to get into real estate investing (now this is if you move to AZ, I don't know other markets):1) you can become a house hacker, you put a down payment on a duplex, triplex or fourplex you live in one and you rent the others that way you can be mortgage free or at least pay very little on the mortgage because the tenants will pay most of it (just depending on what you get and how much you put down) than with the extra money you save you can use it for your next investment.If you want to build wealth in this field you need to be open minded and see the potential so you want to get outdated properties so you can remodel to increase that value/equity of the property.

I am trying to figure out something that I could not understand. an average home 4br + 2bth 1400-1800 sqft very out dated homes are sold for 250K and  rented for 1800$ in average. 

Most of the books we read are outdated except for the motivational parts.  

We served them with a month ago with a notice of termination specifying a move out date of December 31, 2014 {one month longer than what is required}.