In the 90's in CA there were offers of $40,000 for singlewides that were worth less than $10,000 then were then pulled out and replaced with doublewides (worth about $40,000) that were then rented at substantially higher rates.

I finally pulled the trigger this week on my first.

Damn - you're pulling a true local spot out of your back pocket!  

Thankfully you are like me... no hair to pull out. :-)Upen Patel, Mortgage BankerFederal NMLS# 1374243

All appropriate permits will be pulled and electricity will be cut while I am working.

Here are what the numbers look like at 76k:Purchase Price: $76,00020% Down Payment: $15,200 Closing costs: $4,000 (estimate)Rehab Costs: $11,500 (could be less)Mortgage Payment: $300Gross Monthly Rent: $1250 Cash Flow: $325 (using 50% rule).ROI: (325*12) / (15,200+4000+11,500) = 12.7%Zillow says the property is worth 130k, I am getting comps pulled as well.Just wanted to get some opinions on this, its getting harder and harder to find deals out there that are in good areas.  

I am wanting to pull the trigger on a domain, but I want to make sure it's the best one that I can get for the money I am spending.

This past August I was convinced to finally pull the trigger on my "Plan B" to begin the journey to ween myself away from being job dependent! 

What investing strategies do you propose to safeguard against a bubble pop without totally pulling out of the market?

I pulled the sales comps for that subdivision, which suggest the property's market value is $120,000 give or take.