I would price out the construction costs on both intentions and then make a decision and consider the maintenance costs of either type if you plan on keeping it long term.Its location and demand in that area should effect your decision too as well as site accessibility,  land research, the land contour plus how you might use any extra space or the current zoning allowance or the utilities that exist.

The most effective way for me has been to look at the comment section of property posts and look for when these investors post their emails to get more information on a property.

Keep in mind this also effects your cash flow and CoC return so knowing your criteria for those will also help you answer financing questions.3.

We sprinklered the building which would have been required anyway, but this allowed us to eliminate the rear egress staircase which eventually became the en suite bath and walk in closet in the master bedroom.

That way even in slightly sketchy locations we can just do what we need to do to make sure things get done effectively and efficiently for ourselves and others.Again I appreciate the time you took to look into my post!

The buyers think they've gotten a great deal only to find out that, although they now own the house, the superior liens still are in effect.

Although i believe if you're completely new and plan on contracting out most of the work, its more important to study the areas, network and vet your people than to worry about the WHERE - theres certainly upsides for focussing solely on markets outside your own, its certainly doable and a lot of people do it, even (or maybe especially) when your starting out, the added risk can be minimized and downsides you cant eliminate may be worth the upsides.

Call up a realtor friend who can list it for the seller and then you buy it (effectively gifting someone 3% of your money). 

Neither appreciation nor depreciation has much effect on the process.The best part is that you have little competition because the vast majority of investors look down their noses at ‘trailers’ and really don’t know how to monetize this lucrative niche.After 20 years of being in the business I’ve learned a little :)

He says we must install 2-prong outlets, but most appliances and other household thing-a-ma-jigs have 3-prong plugs (computers, vacuums, electronics, etc)… Also as a result, we cant have GFCI outlets installed where needed and most of the other things in the report can’t be done effectively.