I agree with @Wayne BrooksI would tread very lightly, but also express your concerns that you never called an inspection and if he could come back when you call it in and have more progress?

A mobile home might work out but watch the space rent as that can be a killer and they may be harder to fill a vacancy. 

As for uninsured subs, your biggest concern is workers comp coverage.

Hi Tyson, one thing to consider is to what degree these expenses can be reduced - not saying they are high, as I don't know what they run for a comparable property in your market, but the utilities would be a concern (what that is exactly), taxes are decided by locality/state but get the number obviously from landlord themselves.

Payoff off loan with cashThank you for the adviceJeff If cash flow right now is not your biggest concern, I would refi and at least break even or even little cash flow. 

However, let me say that I have not been sued in ten years and I don't know anyone who has been, so don't get too concerned about this part, okay!

(not counting the renovation) I think it's tough to find a deal like this in Chicago on the North Side, where you can sleep peacefully at night and not worry about someone breaking in, or a drunk and disorderly, including being located in a  highly rated school district...I understand appreciation, and gambling on neighborhood gentrification isn't a primary concern of mine, this is a risk-free, safe return play.

My major concerns are the ability to intergrate with a website, robust reporting, great customer usability.

I've been particularly concerned about accurately estimating closing costs since that's usually the one that comes back to bite you at the end of the deal (in my experience at least buying my personal residences).

Does this sound like a good deal 4 mobile manufactured homes (230,000$ for all 4) Each house is approx 1600 Sq.ft 4 bedrooms, 2 baths, Laundry roomNear shopping & businessesWhat will be my assignment fee be for this?