Anyway, the home was advertised as 1400 sq ft of livable space.

I am a contractor and it is real easy to mark walls when installing hardwood.

@Dmitriy Fomichenko @Mark S.

As a new investor, it worries me to hear about zillow moving in to this kind of space, though. 

Hi BP Community,We are selling our property in the country side of Portugal (Constância, 1 hour away from Lisbon), and would love to ask you guys if you know anyone or any investment fund that is looking at acquiring these types of properties overseas.It is a rural tourism property with great history, currently used as a 10 bed boutique hotel.Below some additional details:Location: Quinta de Santa Bárbara 2250-092 Constância, PORTUGALSize: 38,410 m2 (413,441 sq ft) of land, and 3,200 m2 (34,444 sq ft) built areaCondition: working hotel with 8.9 rating in Booking.comNumber of bedrooms: 10 (project to increase capacity to 21 rooms)Restaurant, bar, swimming pool, tennis court, small gym, space for events with 200 people capacityPrice: €1,950,000 ($2,261,970 at today's exchange rate)It is surrounded by famous historical landmarks (such as "Fátima", or "Convento de Cristo"), and it has an historical background. 

So, the relatively few houses here that have crawl spaces here have pretty bad crawl spaces.

If anything, the typical apartment renters are moving into the surrounding rental homes because they want a little space but cannot afford to buy. 

the few MHPs I have owned over the years whilie reposition plays IE cleaning the tweakers out.. were a little easier.. and once stabilized Much easier.. we just gave them the MH and just charged space rent.. that is what I do when ever I buy a park I either sell those single wide's for a few grand or give them to the tenants.. so I value them purely like a lender would  just on pad rent.. not on the house rent..   

@Mark Fries I think they do it to make sure the house is dealt with and not left there for months.

I have had higher MX/CAPEX expenses than when I ran my original numbers on my current properties, right around the 15% mark, but that was for the first two years of owning my properties.