I rented a property a couple months ago and the majority of applicants were looking for 3 bedroom homes.

.- In no way am I calling into question the business model of TK companies, but have all of the major systems been upgraded?

For instance you will read people all the time say "Call the REALTOR Board" or "Call the BBB" or "Contact your congressman and let them know" or "The Department of State is the one who shoul...".

What are some of the major rehab costs you've run into while flipping or rehabbing distressed properties? 

I use 10% until I have the property inspected to determine the current condition and life expectancy of all major components and appliances.  

A MAJOR reason why most real estate investors fail is the inability to evaluate the numbers correctly and determine if a potential property is a good deal.

Auction.com auctions off Both as a trustee in “court house steps” foreclosure auctions And for reo’s already owned by a bank which is the majority of their listings.As for reo’s, you are typically getting “clear” title but do Not use their title co., the title insurance isn’t really free as they jack up other fees.  

@Matthew Shay If you go the route of putting used mobile homes on land and/or lots, you'll have to check with your local zoning department to see if this is possible.

But it's a fact that the market at the macro-level has a major correction about every 20 years or so.

The mortgage would cost you almost twice rents, then factor in vacancy/repair/capex reserves and you are majorly negative cash flow assuming you are financing with a typical down payment.