@Sviatoslav Gulko  sounds like the ductwork was sized just for a heating system .

With all the money I wasted, I could have bought decent size apartment and living financially independent life by now

Yeah, you can get them for $40 but depending on the size of the room you might want to go up to $60 or $80 to get a longer unit. 

I agree to what the other posts here had to say....just one point, I find that I  don't put such a focus on 3 times the rent, simply because it's  not a one size fits all, a single person has much much less expenses than a married couple with 3 kids.........I look at each situation individually 

A full remodel for a unit that size, all done by contractors, would cost more than $35k.  

The size of the park is just a scale matter.

However, this depends on some other factors like the size of the facility (the bigger the more "economies of scale" is able to kick in) vacancy/occupancy, & so forth. 

I’m betting you could reach out to real estate companies who also do property management who may be able to give you an idea of what you’re looking for.  

Kitchens $15-40k (depending on finishes and size), Bathrooms ($7-10k), floors will vary but are easy to price out.

I simply warn people about shady turn key operators, which we both know exists in this industry.Thanks mate,I should be at this years IMN also.Let's catch up.Columbus in my opinion is too expensive and doesn't have the cashflow like a tertiary market like Toledo.Plus, there is lot of competition there.Yes, the potential for appreciation is higher but betting on appreciation is speculative.I like looking at the fundamentals of the deal and not getting swayed by the data.Data can easily be manipulated to make any market look great.Finding the right team that knows what they are doing is a different story.Thanks again.ps.