Hey @Felix Shi, your decision really should be based on your risk tolerance and goals.

There are several factors to consider when deciding whether to replace the old mobile home with a newer one or renovate the existing one.If you choose to replace the old home with a newer one, some "gotchas" to be aware of include the cost of purchasing a new used mobile home, transportation and installation costs, permits required for the new home, as well as potential landscaping and foundation work needed to accommodate the new home.

And the ratings should be across several factors, kind of how Booking.com does it.

If two parties are fully informed beforehand about the risks of a transaction, and both wish to proceed given the risks, what is unethical about that?  

I have been flipping homes for several years but would like to start involving and teaching my adult children on becoming a partner.

I have a list of PM's, contractors and lenders that have helped several of my investors when acquiring properties in Cleveland.

I also agree with what others have said, if they really could get 200% returns in such a short period with acceptable risk, they would have investors beating down their door.

Several units are for sale here one is asking $295,000. for a 1/1 at 650 sq ft.

Most businesses, including the real estate business, is about taking calculated risks.

If your down payment is a HELOC - meaning that this is a 100% financed transaction - and it is your first short term rental, you are stacking risk factors in a tough market.