Plus, even after you fix them up nice, the older mobile homes have HORRIBLE energy bills for your tenants.  

If you have the time and energy to work, then you’ll get the previously listed attributes.

The things that affected payout were number of units, cost per load and who controlled this, contract length, and ability of people to install laundry in their units.We ended up taking a deal that paid us around 45%, with us completely controlling the per load pricing, the company agreeing to install newer more energy efficient machines, and the HOA agreeing to prohibit laundry in individual units (which was already a rule). 

I am 26 years old and I see so many people making a killing off of this and I can honestly say I’d be willing to devote all time and energy into it.

LOL Anyway, thanks in advance for your time, thoughts and energy.  

Have you read David Greene's book on Long Distance Real Estate Investing?  

@David Greene

Dated everything original including green carpet throughout even in bathrooms!

Guess I might just be a little bit excited and anxious all at the same time.Does anyone have list of red flags, green flags and other requirements for potential renters/screening?

Then, you need to figure out the cost to convert the whole building to electricity and determine by how much you'll decrease your energy expenses in order to make sure you have a positive ROI.