Hey @Matt Stull I am kind of the KY go to REI guy on BP (see bio).

I’d love to hear some perspectives from more experienced investors on what you think about the info below:$75k for a 5bd 3 ba manufactured home that rents out each room for $500/monthPros:Reliable tenant paymentsCheap purchase price relative to income generatedPotential for ~16% CoC ROICons:Long distance investment (requires property manager)Month-to-month leases per bedroom (& no deposits collected)Located in Utica, MS – not a thriving market for rentalsManufactured home – not sure this type of home will build equityUnsure what kind of tenants live here Hey Molly!

Here is kind of how I break it out on the residentialOn- Market with agent: 0% Coc or a little less. 

In reality, you're not going to want the kind of tenants that want what you have to offer but aren't in a position to buy.

Looking forward to my visit in a couple weeks as we continue our research for an STR in the area. 

Here's my 2 suggestions: Visit your local REI groups.

I'd like to have some kind of "dashboard" to keep tabs on all the mortgages, cash flows, etc. 

I think there are two maybe 3 ways to look at this in my mind.  1) you go into it and bring it all up to modern standards but using that old charm to basically take what is there bring it up to modern standards and rent it out essentially I'm thinking cocktail bar or something trendy like that.2) most banks are on really good centrally located real estate if this is true, then I'd consider it for the dirt, plan to scrape the lot and go vertical with whatever the highest and best use is.3) a kind of combo of the two, if the lot is in a good location and its doable, pull the vaults or other "character pieces" out of the building, scrape the lot, and build whatever is best suited for the site there, but incorporate those historical pieces into the final designs.Is the site near a major retail area? 

And what kind of protection are you referring to?

Quote from @Jonathan Soto: great write up. thank you for taking your time and going in to detail. i have been looking into a business for myself but havent seen much in biz bysell that make sense. just need to keep searching Try looking into Crexi and Loopnet too, I find all different kinds of small businesses for sale on those websites compared to Bizbuysell.