Send me a DM or go to my profile to see my website.I would love to share some knowledge of areas to look at and some to stay away from.

Take care of the property and focus on credit improvement. 

We'll likely throw money at it once someone moves out and we need to improve it to increase rents yet again. 

Since they have been really good renters and have at times been some home improvements themselves without asking me to reimburse,  what would be considered a reasonable and fair thing to do?

@Ahmed SublabanOn Metrolist, click the "Tax" link in the top menu bar, and then type in the address, and then the owner's tax billing address should be indicated on the property profile, which gives you their out of state mailing address.If any non-agents in the Stockton or Sacramento don't have access to MLS and need help, just let me know.

The firm has had MHC as its top performing property type for the last year and a half and a November 2018 report described MHC as “one of the most attractive property types in both the public and private markets due to 1) a best-in-class cap-ex profile; 2) structural barriers to new supply; and 3) still-too-high nominal cap rates.”I hope this helps those considering investing in MHCs - happy to discuss further.

There are definitely homes under 140k and would rent really well, especially older homes in their improving downtown. 

What's your ideal client profile?

On the other hand, investors often are the only ones putting money into renovating these properties which gradually improves neighborhoods over time.

Equity comes from improving the property, raising the rents, i.e., making it worth more than when you bought it.