I then texted the tenant and asked if everything was moved out, she said that she still has some large furniture items like a bed and dresser, and that she is getting a truck to move those items on Thursday.

Asking price is $125,0004 Bed 2 Bath affixed modular home2.88 acres 1,680 sqftTenant pays $1,050/month

Market in the area is $1400 for 2 bed and $2100 for 4 bed.

If you're going to invest in SFL, Miami isn't great for cash flow. 3-4 years ago absolutely, but now even in a neighborhood like Allapattah (Lower-middle class Dominican area) where I grew up, you're looking at 300K+ for a 4 Bed- 2 bath duplex that will only gross $1800 per month.

A friend needed the vacant unit for a few weeks but reported bed bugs the first morning and left.

I know its not a direct correlation taking other things into account but it helps me decide if I should keep investing here.C grade properties2 bed 1 bath $600 per month2 bed 1 bath $600 per month3 bed 1 bath $700 per month3 bed 1.5 bath $700 per month3 bed 1 bath $600 per monthB- grade properties4 bed 2 bath $700 per month

A local CU's familiarity with the local market will make your deal more likely to be approved than for a large national bank and you're less likely to get fee'ed to death.  

Fast forward to last year and the East Bed Stuy Market has taken off.

Kind of a bed and breakfast mentality.

Maximizing the number of beds is also key, so if you can find ways to add extra bedrooms it will pay off greatly down the road.