Thieves look for the red tag on the meter and then they go in and strip the home.Our average tenant timeframe in those areas were about 8-9 months and double the staff time to deal with all their issues of month to month life, so from my experience unless you want another job of adult daycare those are the things you are going get coming down your funnel of fun.We ended up selling all of ours in that area and we do not even manage them because it was just too time intensive and problematic.I have done many speech's and had many conversations with investors about when I did "My Time" in the South-East.

And the units are identical.  

But just letting you know I am in a nearly identical position.

@Joseph Dimaria Trusts are designed to conceal the identity of the beneficiary.  

I have wanted to buy something in this neighborhood for a long time.I have networked with someone who is recommending setting this up as a rooming house, no leases but billed monthly (not weekly).Here's how it pencils out:Purchase price: $100,000 // +$5,000 for conventional mortgage closing(An identical duplex on the same street recently sold for $123,000)Initial renovations: $5,000Rent:$500 x 8 = $4,000/monthIncome - Coin Laundry:$200/monthTotal income:$4,200Monthly Expense Breakdown:Debt service: $800 (P/I/T/I)Management: $400Repairs: $400Capex savings: $400Gas: $150Electric: $150Water: $150Internet/Cable: $150Vacancy: $750 (planning on 1-2 rooms empty a month)Total monthly expense:TOTAL: $3,350Cash flow:TOTAL: $8,500QUESTIONS:1) Do these numbers seem conservative?

FWIW:  The reason I'm interested in this unit is because I already own an identical unit in the same building. 

Thieves ransacked the place and attempted to steal the copper tubing not too long ago and ripped out all the wiring for the water heater and AC system and bailed when they realized mobile homes don't have copper tubing.  

Family Member is defined as follows, regardless of actual or perceived sexual orientation, gender identity, or legal marital status:  child, parent, or grandparent; o a child is defined as a son, stepson, daughter, or stepdaughter; o a parent or grandparent includes a step-parent/grandparent or foster parent/grandparent;  spouse or domestic partner;  legally adopted son or daughter, including a child who is placed with the Borrower by an authorized agency for legal adoption;  foster child;  brother, stepbrother;  sister, stepsister;  uncle;  aunt; or son-in-law, daughter-in-law, father-in-law, mother-in-law, brother-inlaw, or sister-in-law of the Borrower.Or these other exceptions:(3) Exceptions to the Maximum LTV The 85 percent maximum LTV restriction does not apply for Identity-of-Interest transactions under the following circumstances. 

The house looks and like a duplex, has two identical sides (2 br / 1 ba ea).

Normally my wife does the cleaning but when we are in a bind and need extra help we hire her daughter.  8 of our places are apartments, the floor plan is identical.