With a huge fenced yard and easy access to all Elma schools and shopping, this home has everything you need!

The potential upside in this area is much greater for a house, although the trade off is maintenance issues are much greater with a house and yard.

I have a tenant planning to move to Eugene, Oregon around June 1, 2019 (date somewhat flexible) looking for a 3-4 bed, 2 bath, with a fenced in yard.

Talk to lenders and see what your options are for traditional or commercial loans.I also recommend you research markets that produce the best cash-flow and invest there instead of in your own back yard.

Pros of a condo are it is usually less money on the purchase price, lower property taxes and less maintenance as there is no yard. 

Off street parking and a nice fenced in back yard.

The problem here is I lose $20k - $30k on the deal and I'm already dangerously thin on cash to pay holding costs.Note: There's several potential issues with the house that I haven't addressed. 1) The neighbor's yard is hideous, filled with pool equipment and junk.

@Suly Bolanos Definitely landscaping such as mowing yards and raking leaves being in the mobile home investing business. 

Do you think I could rent space in the yard?

It needs: new roof, termite treatment & one entire bedroom floor stabilized (joists eaten up), nasty old shed with leaky room out back demolished, full interior paint, replace 3/4 of fascia board and add gutters, clean up yard, possibly a new central furnace + window AC units..Purchase price & closing was $18,000.