While it may not seem like a big shift from where it was a few months back (mid to high 3s) in expensive markets, it can really price people out quickly if they happen to be on that upper edge.I'm in The Bay Area, CA and it's been interesting to see the effect on availability, the days on market for properties.

A CONDO almost always has an HOA controlling the property (and interfering with your rental business)A Townhome is an architectural style:  living space on the ground floor and bedrooms on the upper floors, thereby reducing the footprint on the land. 

if it were me, i would put the new trailer in. i'd offer it to the upper end of the blue collars as RTO/LP. whether they exercise the right to buy or not, the "new-ness" can command a higher monthly rent/payment. if you can find someone to put a sizable down payment proving intent on ownership, they ought to treat the property better.3rd option, just offer the lot for rent at $300-$400/mo. they can bring their own trailer. if they ever leave, it should be in the lease that if they leave the home on the lot more than 30 days beyond their move-out date, the trailer becomes your. for free. clean it up and rent it out again. save yourself from spending 30k up front.just make sure your Monthly rent - PITI = cash flow. 

My thoughts: This is a lot more leg work upfront, but can be very rewarding.This same strategy would work even better if you can get it owner financed....lots cheaper than hard $ and typically won't impact any limit on the # of mortgages you can have at once. 

The guy's argument is standing on wobbly legal legs, but that doesn't mean it won't cost you to win if he does press legal action.

I feel that I have a leg up on the competition because I know where the deals are, where the right place to invest is, and I can save on commissions.

I feel that I have a leg up on the competition because I know where the deals are, where the right place to invest is, and I can save on commissions.

There's lower Valisburg and Upper Valisburg.

Im assuming you are getting a fixer upper to gain a little equity.

In Delco I would stay away from Darby, some parts of Upper Darby and Chester.