All of them being flips.Here are some things to watch out for or things I've seen in most distressed Pitman houses:-Knob & Tube is rampant due to the ages of the house, be sure to verify the electrical service and type.

Looking at Air Bnb we could get up to $1500 for a home game weekend.

I also talked with him and he wants to work out a deal where I manage the entire park for him for 15% of the gross income ($469K last year), and convert all the park owned to tenant owned homes (he wants to do this).The $5k/month with the actual land owners (also 75 years old) wouldn’t start until the current land-lease is up, so my expenses for the next 7 years would be zero, I’d essentially be managing & improving the park that I’ll eventually own.If I went for this deal, my plan would be:Get it under contract with actual land owner, air-tight where he nor his heirs can back out of the dealThen get a deal worked out with the current lessee to manage his park for 10-15%Convert all homes to rent-to-own (rent credit, etc)Gradually raise rents to marketThe fruits of my labor won’t come into effect for 7 years, but then I’ll be cashflowing like a beast for the next 20 years since $5K/month won’t even be 1/3rd of what actual bank financing would cost.

It could be Air BNB

Less your $70,000 repair costs is $247,000.Your repairs include things like central air.

At $1650 you are talking 3 bedroom 2 bath, parking, central air/AC and laundry facilities.

My plan is to place a reflective thermal barrier on top of the existing cool coat roof, then add 2 x 4 furring strips for the needed air gap and then 26 gauge sheet metal roof overhanging the eaves by 12" so rain will run off the side away from house, not down the side of the house. 

They've complained about the upstairs bedrooms being hot and minimal air flow. 

View a few units to see what the standard is for the area: stove, dishwasher, range, forced air, boiler, etc.  

The unit itself is only three years old.Sooo I decided to spring for all new ductwork and vents - they also widened the tiny 2 x 12 vents in the larger rooms for better air flow - it took two full days and cost $3900 for a 1600 sq. ft. house.