Granted that was not an income generating property, but it's concerning that a comparably sized home sold for so much less. 

Should it be split evenly among units, or should it be split according to the size of each unit?

Depending on the size of the property, does your investor have experience, other assets, liquid resources18.

Hey Alex,This may vary based on your buying criteria- class type, unit size, location, price, etc- most of the markets you mentioned I have not invested in but I have heard good things.

So you think it's financially sound to pay:1 - $20k DP2 - All of the cost of the remod3 - All of the taxes and insurance for a year4 - ...and, $15,600 in payments......over the course a year, with NO INCOME at all, on the hope that the remod will allow you to double your rent...which if all works out, and you run all of the numbers, I bet you still don't break even until the year 2031?...

@Joaquin Garuz I'm up north in Boca and I've been watching the trends between West palm and homestead since 2015, the numbers just don't make any sense, everybody is blindly betting on appreciation and I'm waiting to see how it all plays out during a downturn. 

Your best option would be to look at listings from Marcus & Millichap for that smaller asset size. 

I bet you'll still be seeing word art in model manufactured housing for the next 5 years, minimum! 

I bet you have done this before!

Your best bet would be to link up with a REALTOR® who does some MF deals.