And in many cases, there's a sweet spot of distance from the city itself because most folks up here really dislike "city life" but still like being close to the cultural attractions.

Obviously newer is more attractive, and you would have to see what your repairs you need to complete, and what's the cost to see which is better. 

I had a feeling they priced low to attract  more offers or waited it out (was a homepath property) so they could accept a cash offer.

Solid town but plenty of rough areas too. you can buy properties cheap but do not let that attract you to buy.

I would absolutely replace the cabs, with 42" uppers (replacing that inaccessible area above the doors), a 24" deep cab over the reefer with a return or narrow broom closet on the left.Here's an idea I've used for an inexpensive but attractive alternative to granite for your price level: Have a local shop fab up black plastic lam tops with square front edges, and NO 4" splash.

If the price you pay for the HOA's equity plus the existing secured debts is attractive, go ahead and buy, but don't think for one minute that you're going to pull a fast one over the lender.Oh, and be careful about equity skimming jaws should the existing loan be Federally insured.

Parks allowing rentals like this attract very bad tenants and you're going to be rehabbing and doing handyman specials all day long.  

If you screen, you will not have many (or any) evictions since you can attract very, very strong tenants there. 

If the lot is already zoned commercial and by a main highway, you'd have to check the market to see what types of tenants the lot will attract should you decide to go the residential route and put a mobile home on it. 

The house was already a STR, but I spent ~$10k for light refurnishing, touch up painting and deep cleaning to make the listing more attractive.