Also they did not used the sprinkler system at all for the time they were there.)So ok, we told them they have to sod those areas.Before they moved out, we decided to upgrade the sprinkler system, so the next tenants would have easier time using it.Once they moved out, the next day I have gone back for a walk through (I had to work on the day they moved out and wife was sicked).

I live in an off-grid community outside of the US with an HOA which is legally established in Florida. We all have solar power and most of us have emergency generators. Our solar systems are not as large as you would ...

A lot of times they'll let me know that we could spend some money to make some cosmetic upgrades, and get a huge increase in rent... or they may say we can get way more rent on day 1.

McClinton, I would advice you to find a property within your means, build equity, and upgrade only when the time is right.

If I were to repair/upgrade for rental purposes i am estimating about a $15,000 expenditure, let's call it $25,000 due to unforeseen items that will definitely pop up. 

And  you get the benefits of filling a vacancy and a new home in the park which can be considered upgrading the park. 

When the HELOC is being paid off, is that line credit purposeful for anything else other than home upgrades?

When the HELOC is being paid off, is that line credit purposeful for anything else other than home upgrades?

There's an opportunity to upgrade the building (facade, common areas, convert first floor to a three bedroom from a two bedroom), which is why I included / attached two reports.

It is called a 203K loan.In simple terms, the 203k loan is a type of home improvement loan program insured through the FHA that works by allowing homebuyers the ability to finance the purchase and costs of upgrades through one single mortgage.