Also, isn't $655k cheap for that neighborhood (is this a tiny studio)?

At this price, maybe you buy a cheap car and throw it in for as a free rental as part of your value pitch.There is a ton of potential here.

When we were down south there were "cheap" houses but the houses were really old and the taxes/insurance were high!

Therefore the land is cheap and you will be spreading that cost over numerous mobile homes.2.

Tell them you are willing to work cheap in return for the experience. 

I'd much rather let lowes set up the contractor stuff since its a lot more reliable and if they mess up I know they're fixing it for free.I've thought about doing laminate more but that ends up $2 for laminate (I can't put in that cheap $1 or $1.50/sq ft stuff - it looks and feels terrible) plus $2 for install.I'd rather have carpet.

There are several area where I would never buy a rental house...unfortunately, it's easy to buy a cheap house there and sell it to out of state investors as a turnkey deal when in all reality it's a piece of junk that will end up costing the investor thousands.2.

There are smart, but cheap ways to spruce up a place to make it generate more income.

Justin Tahilramani For whatever it's worth, vacation rental PM rates of 20% are actually somewhere between "cheap" and "standard".

If he just needs a few nights in a cheap motel or some hired moving help or.... figure out what his stumbling block is and see if you are willing to solve it.