Tenant has unpaid rent and/or utilities, they cut off communication, and the rental is void of clothing, TV, good food, etc.

Others like to borrow as little as possible for peace of mind of not owing anything on their investments.You'll need to answer for yourself what is your investment style and how much risk are you willing to take on.Ensure you run your numbers well and conservatively. 

AND I loved the style!

-Double wide trailer, new appliance but outdated style (aluminum windows, shag carpet, yellow toilet/tubs. etc) 4 bedrooms, 2 bathrooms, attached double car garage.

AND I loved the style!

Then the subcontractors I hire just have to pickup the misc. materials & consumable items as they need them (e.g. caulking, adhesives, screws, nails, drop cloths, trays, brushes, taping mud, etc.)

However . . . if you have already purchased a home that you want to live in, then this could be a fantastic time to redeploy capital from a more cyclical style of market to a more linear market. 

High risk investing comes with headaches and so does the BRRR strategy, contrary to popular belief.To me value is a solid asset with very predictable maintenance and CapEx costs, and low risk tenants.I look for things that will never go out of style like off street parking, in suite laundry, nice location, spacious living quarters, and updated mechanicals.Those investments seem to provide a different kind of returns which I am most interested in...

The units are attractive townhome style units; a mix of 2 bed 1 bath 2 bed 1.5 baths.

The units are also a very attractive mix of 2/1's and 2/1.5's and are townhome style.