Check with an attorney or the state MHA for additional guidance on that.

Buying at a discount and renovating some allows you to have some equity after the renovation and possibly pull cash out with a refinance.

@John ArendsenIn addition his debt to income ratio is not very good but there is plenty of equity.

Then you could ask them directly if being tenanted affects their willingness to buy, and whether they expect a discount (or are prepared to pay a premium) to inherit tenants.You would then be in a better position to adjust your own Offer price accordingly.

Let me know if you need anything or have any additional questions.

Also, you can make a stronger offer if you are using cash.In my area, and given the units that I have been considering, this would result in about $100/m additional cash flow after debt service, and assuming 8% vacancy, conservative estimates for taxes and maintenance.

The first number that came up in my head was $15k and a new fence.If I can't subdivide I will keep house and add 1800 sq ft addition and house should be in $680k to 700k max.

Despite the "common hearsay" aluminium wiring can be safe, provided the correct receptacles/fixtures are used, or the ends of runs were properly pigtailed to copper.You definitely want breakers over fuses and you would want to confirm the existing circuits have the capacity to handle today's electrical loads and that there is additional room in each unit's panel.

In addition, I am not sure the mail laws, but I might believe that I cannot pick up or hold someone's mail that isn't mine.What do you guys do in these cases?

I would leave the overgrowth and trim it, add it into the landscaping and fix/clean the flooring.