I would think that the quality of the park it resides in will also play heavy in these decisions.Thx AgainKevin

When/if you ever do a 1960s or later rehab, you will then begin to really appreciate how much foundational quality you were working with on that 1940s house.

Normally when this happens the investor then lends the money back to us for a new deal.We are very active in the real estate market thus finding anybody else from wholesalers to quality vendors would be beneficial to our company.

Any use, even one that pays no rent is better than nothing at all2) Given rule #1, your focus should not be on the credit quality of the potential tenant but rather the potential success they can have in your space.3) The surrounding neighborhood and space will dictate the success of the tenant, not vice versa.  

Doing your own PM work s overrated and buying yourself a job unless in an area where tenant demand and quality is so strong it requires minimal effort to manage the asset.That is usually the rarity and not the norm.If you were just holding this property for equity build up and tax write off and were to stay with your profession until retirement then this property might work if in a great area.

I will be involved in the process of turning some of my cities struggling neighborhoods back into quality areas wherein people can feel safe and happy to live.

Do it because it increases your quality of life and/or passive solar heat but don't expect it to increase house value like say the addition of a outdoor living space like a deck or patio might.

The financing on a deal makes or breaks a return and that it tied to lease terms, quality of the tenants, location, and loan size being sought.

Every town has their spots that are in demand, and others that are dead, without knowing the area, it's easy to buy in the wrong spot.There's many investors that are putting their money out there, trusting someone else to make judgments as to the quality of construction, areas, local economies, etc., and many of them are going to be kicking themselves for not checking them out themselves.

Low risk, since you're investing a very small amount of money compared to SFHs.Then there are disadvantages: possibly lower quality tenants, lower quality homes.