Several of the properties I have a mailbox inside a shared space in the basement that is locked and for rent drops.

If there is a hole in the floor all we ask for them to do is cover the hole.If there is a broken window all we ask for is that the window is boarded up.

Stair case between third floor and roof need to be strengthened.

It is about 1680 Square feet finished (840 per side), side x side (mirror image), 2 bed, 1 bath duplex with separate everything (Gas/Electric/entries/laundry), a 2 car garage w/ 1 extra off-street space, big back yard, great views of the park, and in a phenomenal location.

But the property "hardening" with 100% tile floors, and $20k of capital improvements of new HVACs, new plumbing and new wiring, would push me to $75-80k cash offer.

After you open up the walls you find knob and tube wiring, rotted floors, busted plumbing, mold, structural issues.

My other housemate showed me the bathroom and the problem tenant dyes his hair and the dye has stained the toilet and floor!

This is a ground floor unit so the subfloor is a concrete slab.

However; in the instance of a mobile in a park, you have to be mindful that it may not be the actual mobile that appreciates, but because it's in a popular park, etc. it has more value than it would alone, so without the park space it may not have as high a value.There are modular homes being built that are multi million dollar homes.

I would guess you would be slightly low at a $1000/yr, especially when you need to flip the house between tenants or preparing for sale as you'll probably need to replace carpets/flooring, paint, etc. among other things.