The numbers do work and this is a special chunk of land to us so we are just trying to make well thought out decisions from all angles to ensure the success of our first investment property.

Don’t have a lot of capital or experience, was considering searching for a trailer in a park that needed rehabbing and either flipping or renting (leaning toward a flip) anyone done this before? Looking for some advic...

26 doors and even your original 10 has you wide open to all kinds of suits, penalties and fines if you ever have a Fair Housing issue or any sort of discrimination.

Each single wide 3/2 cheapest from Clayton is TruHome (cheap cheap, I would not buy TruHomes, we did 2, and they are flimsy) they are $25k + extras + hauling + setup + local utility costs of septic + power.You will be shocked by the cost of putting in roads, even gravel roads, then the parking pads, septic, power, water.This is a total guess would be $75k per pad all in ground up including the roads. 

Monthly Cost breakdown:Mortgage: $1900 (assumes 500,000 with 25% down as it is not owner occupied, 4.5% rate)Taxes: $1169 (Spit-balled for lower Westchester as I don't know what town this is)Insurance: $251Heat: $300 (gas, I don't have oil numbers and frequently the tenant(s) don't pay this)Water: $100 (frequently, the tenant(s) don't pay this)CapEx/Vacancy/Repair/PM: $3050 (your number; should be adjusted for possibly higher rent required: think PM cost)As always best of luck and I hope your first deal works, but be sure to go into it with eyes wide open. 

"Modern Farmhouse" Bright Upgraded Kitchen with Energy Star Appliances is wide open to Huge Fireplaced Family Room that has Vaulted Ceilings, Exposed Beams, New Skylights and TONS of Windows!

And, where I am in Delray Beach is widely publicized as the hot place to be and vacation in the small beach town market; I LOVE living and investing here, but the deals are basically gone and prices are high-- there is still upside, but you have to hunt daily and strike immediately.I'm no expert, but I hope my comments can provide some color to your search! 

Issue is the lot is 50' wide (standard) but neighboring properties on both sides are built right up to the lot lines, and City of Cincinnati is 7/16 side setbacks. 

Great advice, thank you - I suppose my real price target is closer to 300-375k (still a wide range and could go higher if I really needed), but I didn't want to exclude any lucky deals I might find. 

Hi Maryann,Nice big porch with the original columns still in place, and a nice wide set of steps.Some shutters on those top windows might increase the curb appeal even more.It looks like a sold nice home.Good Luck!