I'm about to move to Farmington from Taylorsville, so I'll be close to your neck of the woods.

I'm splitting the cost with the neighbor.)Interior: Tile the hallway/kitchen/bathrooms, put in basic stove/fridge (nothing more), install new drywall in the kitchen/dining room, and apply fresh paint.I want to do a bit more such as replacing the cabinet doors (I'd go with flat-panels), replacing light fixtures in the dining room, and putting in faux wood blinds.

Your average joe won't know that it's not real wood. 

It was a wooded lot. 

The home has some wood rotting on the rear of the home (perhaps termites) but otherwise well kept and should be a lipstick rehab for a buy and hold.

Parks in our neck of the woods sell for 4 to 7 caps  Or just about as much as paul is paying for the whole place we pay that amount per space :)  and then there are Socal and SF Bay area parks that are off the charts in value. 

howdy BPr's,I'm considering making my first offer on a property and wanted to get some advice and feedback before pulling the trigger.Here are the stats:Asking price: 140k - haven't started the negotiation process yet, I wouldnt pay full price- purchased for significantly less in the recent past and is clearly a flip- new: water heater, furnace, roof, windows, kitchen, bathrooms, some new drywall, Wood laminate floors other minor improvements.

I invest in your neck of the woods.. 

Thanks @Shane Woods 

IN our neck of the woods there are special rules for park residences regarding management so it was good to have a licensed broker handling that for us.