Inevitably things will pick back up so you may be at a point where you can get some relative deals there even if they don’t seem like deals compared to Saint John.

@Adam Gregory this thread popped back up after 3 months, can you tell us what happened?

BUT you can 100% write off all the materials, cleaners, tools etc.I would absolutely consider a CPA, even if just for one year if it ends up being too much compared to your income as you would probably learn a lot..or just do what your doing now, track everything in quickbooks (you can get the desktop version and just pay the one time fee as opposed to the monthly which is probably overkill if its just you working on the books) you can export the quickbooks backup for your CPA or anyone else that needs it.I am not sure on if you are not going to have a penalty, I hope not but you might, but it wont be huge, and learning about the taxes is a WISE thing to do!

This can lead to sewage backups inside of the home.

Must be the reason I've never heard it as a strategy.The seller ended up accepting an offer and a backup offer before I could even get to see the property so it wasn't meant to be. 

I've accumulated some "back burner" properties that need something and need some kind of work, but I thought they were too good of a bargain to pass up. 

Just a couple comments: 1) Lots of California investors seek to put their money out of state for a more "landlord friendly" regulatory environment and better ROI; 2) While renting mobile homes can make money, also have a backup plan in the event you get tired of having repairs eat into your margin. 

If its a shared space for laundry and you have a utility hook ups that permit that you can install and run the machines on landlords dime for water and power PERFECT.. for 4 units it would be a big plus to have the option to do it on premises,, 2 washers and 2 dryers would probably be best.. that way if one dies you'll already have a back up and it's faster to do 2 loads at a time.. of course.As far as charging tenants more money for rent.. you should be within market rent period.. so check out what others are charging in your area.Laundry isn't free so what ever the locals are getting at a laundromat you should be within a 50 cents of the same for price.. make sure you empty the machines regularly and a good used set you could probably find on craigslist.The machines will pay for themselves in no time along with utilities.  

I'm always a believer in having a backup plan. 

Question: Should we put in utilities and slab and hold off on framing until Spring, hoping prices will go back down once materials manufacturers get supply back up, or ?