I've picked up three homes in okay condition all for under 3500 so shoot for that range.

That's just the nature of the asset class.

And you picked a great area to practice real estate investing.

Knowing her personality and the nature of inspection, I doubt she would raise her price at all.  

I'm aiming at mobile homes right now that I can pick up for under 10k and for this reason there are a number of things that can turn me away. 

Also, some of the public schools are picking up, so the families want to move into the district to avoid the private school prices we all love.  

I just bought one in Oregon that sounds similar.. only all the MH's are park owned and they bring in 450 to 475.. 15 of them  3 are condemned and need to be dimantialed 1 house one studio  I picked it up for 80k plus 30k in code violations. 

Account Closed I have relatives in San Antonio, PM me your email as I wouldn't mind picking up property eventually in SA considering those type of cap rates...

Pick one.  

On the other hand, if you can pick something up for a good price where your payment would be substantially lower than the rent you would pay for that same property, then that might be the best move.