Just remember, there will always be deals - don't sacrifice quality and preparedness to satisfy enthusiasm!

Tenet pays $875/month and is inline with the market based on quality/location. 

There are three other factor, both very controllable, that also slow or eliminate depreciation:The quality and/or size of the home in the first place;High quality homes use better materials which last longer and look better longer thus increasing the probability the home will hold value.Homes smaller than 16'x80' normally depreciate faster than larger homes because small homes are truly out of fashion (forgive me tiny home advocates) and because smaller manufactured homes look more like "trailers" than a home.The way the land lease community is operated.Well run communities looking to protect the long-term investment of the community over short-term gains almost always stem or slow home depreciation. 

Be firm about deadlines and about quality.  

On the houses we have done, our strategy has been to do a quality rehab and try to drive up the resale value of the house.

Quality contractors/subs pick their jobs right now.  

Here are a few I see:Pros for Rehab: You get to see and correct the condition of the house immediately, you get to screen your tenants before giving them the keysCons for Rehab: time and $$ in rehab work, no income until you can find tenants for itPros for Tenants: Income right away and no need for immediate rehab (hopefully)Cons for Tenants: Do due diligence to ensure income-generation (evaluate lease and rent details), mystery quality tenants, unable to fully inspect house conditionWhere would you begin?

If the carpet was 50%  worn  out when they moved in, and it's now ruined, you're probably safe charging them half the cost of it when new or to replace an equivalent quality today.

I will go out on a limb and say that almost every experienced full-time investor will tell you that vetting a large number of properties and making strong, targeted, high percentage offers on the top prospects will net you far more quality properties in the long run (and the short run too, come to think of it). 

We build them correctly to avoid future CapEx, always build them to finish quality or so they could be finished later and maximize the cost with vertical and horizontal expansion of the build.Hope this helps.