@Justin Reader, you're going to get a wide range of answers on this.

Here are a few thoughts:1) The answer will vary widely depending on your market.2) Strip malls are getting hit hard in parts of the country due to the response to Covid.

There are some attorneys that are trying to get this opinion registered on a state-wide basis, but it's not happened yet.

From negotiating material and labor costs, to borrowing costs and time frames for completion, there is simply no way to compete against those efficiencies and use of market force.Lastly, the appreciation angle.  

Hello, picked up a nice single wide mobile home on almost two acres for $35K cash a couple of months ago and after ~$5K in updating and minor repairs, I'm in at about ~$40K.  

., 3 bed 2 bath single wide built in 1990.

I just removed two tanks and got widely varying prices from different companies for the same scope of work.

Appraisal being done will determine exact value.Expenses: Utilities, Prop Tax, Irrigation, Maintenance, Insurance, repair = Total: $20,000 yrRental vacancy rate: around 1%Rental Income from mobile homes: Double wide 1440 ft - 1969 - $1700 monthly, Double wide - 1140 ft - 1967 - $1700 monthly, Single wide - 765 ft - 1962 - $1400 monthly, Double wide - 1440 ft - 1973 - $1900 monthly = Total - $80,400 yrNet: $60,000Vacancy Rate: 1%End Game: Distribution %5 ROI.

Have "Joe Public" look at the ZenEstimate range - it's usually so wide that you don't have to be a statistician to realize its uselessness.

The photographer found the perfect angle to show the property at its best.