I don't really know how to even go about valuing land or trailers so I just thought I'd ask and see what y'all think and how one would go about analyzing a deal like this. 

I think that if you were doing a one-off, and found a great deal like this, I'd be wary, but still supportive.

Appreciate the responses, there's a different opinion I'd love to hear it but sounds like there's just better ways to make money and buy property.

If the price to replace is within budget I'd do it because you're putting out a newer/safer/more reliable product.2) Cost to replace the entire systems is tough to gauge without knowing the building size and style...

I’d read up on it before counting it out.

I'm also not sure what requirements look like for using it as a 'second home,' as I'd never be there and almost certainly rent it immediately. 

I'd opt for a stationary bike over a treadmill.

If you're interested, I'd be more than happy to make intros.

That said, I'd recommend focusing on locations with high sales volume as you will have more options to choose from in these locations.So far this year, 240 multifamily properties (2-4 units) have sold in the Bronx - Source OneKeyMLSThe neighborhoods with the most sold properties are:- Wakefield and surrounding North Bronx neighborhoods (31 sold in '24)- Throggs Neck and surrounding Southeast Bronx neighborhoods (31 sold in '24)- Pelham Gardens (30 sold in '24)- Pelham Bay (28 sold in '24)These areas account for 50% of the recent Bronx multifamily sales... focus here to have more options!

I'd say 90% of the sales here are in person sales, pay the same day or even same minute of the sale in some cases.