I have seen a few mobile homes that where 1700sqft three bed units with purchase price around 15k with some remodeling already completed and 1-3k more needed to be rent ready.

It is a move in ready 4 bed 2 bath home in an okay neighborhood, I could very easily get 600+ for rent.

I can tell you that you are not alone having the real estate investment  bug.  

If there are any, they would be D or E properties.

It'd be a bigger investment to finish the space into a bed/bath type of deal versus a kid's playroom - but in my market it adds $400-500/month for something like that.In either event, if you have tenants in there, consider that they probably won't pay a substantial increase.

What hurt the most was the pain on my parent’s faces; it said we had failed our children.We had gone on to rent a small 3 bed 1.5 bath for 1500 a month.

I got married a week after we bought the house and jumped right into it after our brief 4 day ‘mini-moon’ on the Oregon coast.Since it’s the first thing everyone want’s to know; Here are the numbers:Home Specs:Before – 2 Bed, 1 Bath; After - 4 bed, 3.5 bathPurchase Price of House: $365,438Total Rehab Costs (incl. architect, engineer, & permitting): $336,888Soft Costs/Holding Costs: $8,774Total Purchase and Project Costs: $711,100Final Sale Price of House ($55K over asking): $885,000Realtor Fees: $42,038Gross Profit for Project: $131,863Funding Source: Private LenderThe duration of the project from acquisition to design, land use review, historic committee, construction and final sale was just over 13 months.I’m going to chalk this one up as a WIN.

Just make sure to properly bed the tub as they flex when filled (can cause cracks in the caulking/grout where the surround rests on the tub.I agree the painted steel tub will scratch and possibly rust.

#of beds, bath etc. or any special features?

3 bed / 2 baths are ideal but I'll look at almost anything that's in decent shape.