From there, I would look at the markets that would fit that criteria.TIP - You will likely need to drive 1-2 hours to find cash flow, unless you can figure out a specific niche (condos, mobiles, etc.).

How about a small commercial property such as an apartment building or mobile home park?

Rooms in your area (Mobile, I assume) are getting around $400-500/month.

Pulling it out is a horrible, messy affair and, once it is out I cannot imagine why you would close-up the walls again without insulating {the fellow who renovated your Vicky should be slapped ;) } We have found closed cell spray foam to be the best solution in these situations as your studs/wall cavities will be neither uniform nor of a {modern} conventional thickness.

Since it's Halloween and all I'll tell you two stories told to me by my ex-business partner (we had a wholesaling business though we also did a rent-to-own mobile home for a guy we knew which I reckon was my first R.E. deal although the business partner was the one who dealt with the project).

The competition for your product is mobile homes on small acreages, even though they may be inferior.

There are historic areas with homes from the early 1900's (and historic tax credits for renovations) and modern suburbia.

It's a 3/2 1200SF mobile home on one acre.

I'm not the guy to ask for 2 reasons; I've only sold mobile homes on seller financing.

What do you think about investing in mobile homes?