While this option may require permits for the renovation work, it may be a simpler process compared to replacing the entire home.Ultimately, the decision to replace or renovate the mobile home will depend on your budget, timeline, desired level of customization, and future resale value.

Success in this area requires a keen eye for undervalued properties and a solid understanding of renovation costs and ARV (After Repair Value).Tax Liens: With limited capital, investing in tax liens can be a way to start small.

It is listed as a single rent value but I believe they also rent by the room. 

We would be getting a 25-30% discount on the purchase compared to what the market value is so we would like to get this done.

I think there is a ton of value here for turnkey and BRRRR investors.

How do I even go into assessing something like this for rental value and long term appreciation to know if it's a good deal?

My favorite part is that we can take the percentage of the structures assessed value (assessed improvements value / assessed total value [including land] = Percentage) and the play our purchase price by the percentage to get our depreciable basis (not including acquisition/closing costs, of course).

I'm fully aware of the need to source and execute opportunities in a way that provides value to the investor.

Being a savvy investor you realize - as you have mentioned - that the rents are below market a.k.a. value add opportunity... and so becuase of this and because there is less competition due to the reason most other 'investors' are ignoring it right now as I have mentioned.

@Michael LeBlancNot yet I really don't think it would add value to you for the fees due.