The following week another sold in there for 127k and the week after that the most recent closing for exact model match is $132k.

Now understand that these are not nice 2015 model homes but fairly old single-wides but free is free right.Thoughts?

My business model involves purchasing the property as is on an all-cash basis.  

When considering how much to spend on a re-model, you must focus on two things:1.

I just listened to Podcast #121 with the Syrios Brothers, and they have a pretty good business model going.

But it's not the worst business model in the world.  

My recommendation is to substitute this place instead of FB/IG, and just educate yourself.In the meantime, since you are going to school, stay focused on your grades, and pick a career that you are passionate about, but one that'll generate some capital.As you mature, not only as an aspiring investor, but more so as a a teen going into adulthood, things will develop. 

I love hearing about different models. 

You should run a financial analysis to figure out if your funds will support the timeline or if you need to relax/tighten some parameters.When you do your financial analysis, look carefully at all your assumptions (rent price, vacancy, contingencies) and do some sensitivity analysis (ie. double the vacancy rate, or reduce rent 25%) to see how your model adjusts.People tend to be overly optimistic with plans and assumptions.

Ultimately, the investor makes the decision based on their business model and tolerance for risk.Replacement Cost & Actual Cash Value loss settlement provisions and VERY importantly, how Co-Insurance affects your coverage are also two other pertinent things to consider when looking at coverage.One problem I will call out though is that so many of us are in such a hurry these days and professionals are less professional in many industries these days and are less about the relationship and more about churning numbers.