The security deposit should cover most of your cost getting the unit back into rentable shape once your tenant left.

He left the place in pretty bad shape, and it cost quite a bit to fix everything up. 

@Mary CiccarelliNonetheless looking good condition shape or shaped up a little repaired of may my lucky or not if that in your complete shape for sell or lease even render is if customers rent stays as long enough so possible that down above house shape maybe custom care or not consistent move out unknown so makes my possible card of or what condition of.

So many don't seem to really shock test the various risk factors in tandem when they make assumptions of trends.

The subject property needs a few $$ to get to that point,  so let's set $5,000 aside for a property refresh (paint, carpet, repairs, etc.)Let's say you buy the subject property for $150,0005,000 for refreshTotal invested $155,000Keep this property for 10 years.Rents should trend in the $1800/mo range but we'll go $1600 just for conservative numbersMonthly Rent $1600Assume buyer pays all utilities + trash + lawn/snowExpenses:Property Taxes: $200/moVac/Maint (10%) = $160/moProperty Mgt (10%) = $160/moInsurance = $80/moTotal expenses = $600Total cash flow per month = $1600 - $600 = $1000/moAnnual Cash Flow = $12,000 x 10 years = $120,000Sell in 10 yearsAppreciation is currently at 15%(!!!)

Even though these 2 mobile homes are in great shape, they are dated (2000/2003) and I'm not sure what condition they'll be in within the next 15 years.  

As a generally novice MF real estate investor, I was wondering if folks typically used a single source for finding historical and projected rent trends, demographic info, etc. 

I think we are in good shape as the interest on the HELOC will not amount to very much. 

The trend seems to be putting up new constructions in that area and I'm just curious if BRRR is a good idea for a neighborhood like this or why is this the trend over there. 

As for the inspection, in NY, if the apartment is in decent shape, it'll pass inspection.