When we purchased the property the previous owners had finished out a tiny house in the back yard.

The problem is that there is now currently a wooden platform over the entire floor where Carz where allegedly worked on.

I'm just seeing multitudes of benefits for this first property sense I only need to do a tiny bit of the value of the property like 25 percent or so.

While the location is in a high-potential area, these old, tiny unit buildings are potentially tough - there's only so many desirable tenants who want to live in a 400sf studio in a 100+ y/o building and pay more than $1k/m in rent for it.Not many people want to own and operate as asset like this, which is probably why it's (A) on Loopnet and (B) has a lease option offered to entice buyers. 

I see investors every single day make tiny mistakes that cost TONS of profit.

It was great but I ultimately decided I'd rather be a bigger fish in a smaller pond (RI) than a tiny fish in a huge pond (NYC).I am intimately familiar with all 93 exits on Rt 95 in Connecticut, however, having made that drive many times :)My usual advice is to invest as close to home as possible but obviously that's not going to work for you.

A few days ago my wife and I finally put in our first offer on a tiny 2 bed, one bath house.

I am teeny tiny compared to many other Las Vegas investors and am admittedly a little lazy so I am just exploring markets where I am able to make offers without financing contingencies.

Any insights would be appreciated.  2010 Clayton Double Wide  26ft/53ft on 1 acre of land.  3 bed, 2 bath, no garage or any other structures on the land.big wooden decks on the front and back doors.Seller is willing to sell for 30k cash

I have two duplexes in Victorian Village that need alot of TLC from tuckpointing the exterior brick, replacing wooden box gutters, refinishing all hardwoods, updating all electric, and replacing kitchens and baths.