I guess the question is, how much value do I put on the improved MH lots?

Make no promises but let them know you are interested in keeping the place up and and may consider improvements.

I wasted some time, but fortunately I still got a new renter for the vacancy without costing me any money.Also, I know I've been over-improving my SFRs for rental purposes.

The golden rule is, purchase price plus improvements (hard costs) or the appraised value, which ever is less, then from that value the loan is made under the loan to value requirements.

I have looked at a few properties, but want to really improve myself in identifying potential problems in the first walk through so that i can avoid paying for inspections on properties i can rule out.also, this is a rookie question, but what do you guys typically bring with you to a first look?

I strive to continue to improve my properties.

I'll look for a property that I know can be improved to add value (an intense effort over a short period of time) and that can generate rental income in the long-term.

An appraisal can be done based on "as is condition" or based on "subject to improvements".

My other litmus test comes from my prior cable days, which might place it at 9X to 11X cashflow (NOI), which also places value very near $80K.The capital improvement required in the water distribution system seems like a no-brainer, but absent separate metering, I wonder if you could immediately divide the water bill by the current quantity of tenants and have them begin to pay this immediately?

I am guessing the shark tank investors don't spend a lot of time in home improvement stores.