It helps estimate ARV, rehab costs, and potential returns and offers funding options. same for long term tenants?

With that said, the income can still offset the cost of holding the property as a long-term investment.

I've worked on a couple warehouse deals, not sure if you have a single or multi tenant and what the lease terms or time left on the lease is, but to @Henry Clark s point, that kind of cashflow return for that type of initial investment is awesome. 

She is a real estate agent but rents so no property to place a lien on.Need to know a couple of more details first: Is/was the mobile personal property or real property?

What are the terms of the lease?

 @Greg Abel I think it's important to consider the long-term, as changing property management software is difficult.

is this a long-term play or short term?   

You'd need a detailed rehab estimate to confirm if the numbers work for a $360K property with an all-in cost of $420K.

I learned a difficult lesson buying Class C "cash flow on paper" properties in Indianapolis metro area (and I knew that area and lived there before, just not down to a detailed level).

That’s the magic of real estate compounding over time, and it’s stories like yours that really highlight this.. from what i read in the street journal, that slow build often outperforms shorter-term stategies.From an investor-friendly agent’s perspective, being willing to dig into the neighborhoods (driving for dollars) and having a robust network.. from probate attorneys to local contractors.. can pay off big.