Others obviously feel differently.I want lots that can take a 16 wide because any replacement homes I'm going to do are going to be new 16 wides or, in some cases, multi sections.

Especially being your first deal.That said, if it is an incredible deal and your margins are wide enough where you think you'll be able to absorb some bumps in the road, that is up to you.

Then it goes up from there to brand new double wides at $50-60K.

After browsing for a while (before posting in the member introduction section with my true name), I soon came to realize the authenticity of this forum as well as the generosity shown by members far and wide.

I would add that Springfield has wide variances from street to street.

They CAN be right occasionally, but more often than not the Zestimates are off by a pretty wide margin. 

Even though the rule of 70% is widely, in parts like Socal closer to 80% is realistic but once you get to 90%, you're at high risk of unexpected expenses eating all your profit.You mentioned you the property has a value add potential - what is the value add specifically?  

Find a good insurance broker who works with a wide variety of insurance companies.If the roof is in bad shape, take care of it now.

I would check with local banks not he big nation wide types and ask to speak to a someone in the "commercial loans" dept. 

It's a dbl wide with 2bd/2ba.