Are they part of the pref equity position?

How is this a positive environment for real estate investment?

On the positive side, it seems like you have a good potential BRRRR that you can use to purchase additional properties.

That would position you for the next project.

When I run the numbers based on these rents, the property operates at a negative cash flow.If I increase the studio's rent to $1,400 per month, the property becomes cash-flow positive.

It doesn't work as well now because it's hard enough to be cash flow positive with prices + rates and where rents are at. 

Having more people liable for the lease is usually positive in my experience.

This is going to keep your bid honest, rather than lazier and keep your cash position stronger. 4) The only time you spend in this, is finding & closing on the quality assets and playing devil's advocates for repair/rehab/fixing costs.

On a positive note, 100% of the purchase price should be available for depreciation since there is no land associated with the purchase.I see a number of other double-wide manufactured homes available in GR, many priced well below $120K.  

I see a disservice being provided in the given example by the real estate agent by not bringing creative strategies on both the sellers and buyers position on this particular deal.