Also, what was the quality of the on base housing compared to off base.As far as the destinations you mentioned, I know there are definitely opportunities in Oceanside, CA near Camp Pendleton and Desert Hot Springs and Cathedral City near 29 Palms.

@Tyler Lynn, CapEx and Repairs are a little low.

Especially good quality contractors.

I run 10% vacancy for padding, 8% Capex and repairs, and 10% management.

We are looking for reputable contractors in the Northern Jersey area that can be trusted to give realistic repair estimates on properties.

Let me know if you or someone you know might be interested.Loan Requested:$40,000 (secured by a second deed of trust)Interest Only Rate: 8%Total Loan to ARV (After Repair Value): 76%Loan Length: 6 MonthsMonthly Payments: $267Total Interest Paid Up to 6 Months: $1,600 (plus the principle of $40k back then; if money returned earlier, it'll be however many months the money is out)Is this a good deal?

"As-is" verbiage from the listing leads me to believe that some type of repairs would need to be accomplished though there are current tenants with rental agreements that extend for another year.

I am paying a landscaping company, have repair and maintenance on staff and paying a management company as well.

Now, if you want immediate options I suggest looking into seller financing to help you finance the property and use the money you do have for repairs.

HelloFrom what I understand, with no experience in real estate investing, mobile homes only depreciate and that banks don’t see them as having any increase in value after repairs.