Older properties (100+ years) can definitely be solid investments if the numbers work, but there are a few key things to keep in mind:Systems & infrastructure — plumbing, electrical, and foundations often need major updates.Insurance — some carriers charge higher premiums or have stricter requirements for older homes.Maintenance costs — factor in higher reserves for ongoing upkeep.Historic value — in certain markets, these homes can actually attract strong demand because of their charm and uniqueness.If you have a solid inspection team and budget for the extra unknowns, they can be great opportunities.

MTR is decidedly less work, and with STRs saturated in my neighborhood this year and the increased need to differentiate in a crowded market, MTR is increasingly attractive. 

Augustine, can be a promising location for real estate investment, especially considering its blend of historical charm, attractive amenities, and growing popularity. 

Protecting the Asset Pre-SaleVacant properties attract problems — theft, leaks, frozen pipes.

I would try lowering a few hundred dollars more to attract people.

Takeaway:Lenders and appraisers rely heavily on the property’s official classification.Even if the house looks like a stick-built SFR, if it’s coded as Mobile/Manufactured Home, it will generally be treated that way.That impacts financing (fewer conventional options, especially on older units) and appraisals (comps must be other manufactured homes).Resale can be riskier because the buyer pool shrinks.Question to the community:Has anyone here successfully navigated this situation—either getting manufactured homes reclassified as SFRs, or flipping them in a way that still attracted conventional buyers?

So I’m not sure the flexibility of the product is that attractive, but I could be wrong here.

What attracted you to STR's?

For a second home you’d visit a few times a year, renting it out when you’re not there can make sense, but it’s worth looking at other nearby markets that historically perform better for cash flow and longer-term rental demand.A few thoughts:Older homes near Surprise Stadium/tennis courts – These can attract seasonal travelers, but condition and ongoing maintenance could eat into your cash flow.

An area might look great on paper because it’s near hospitals or attractions, yet the data often tells a different story.