Question now is how much for maintenance, repairs, required improvements, such could take half, 2,000 a year per property, if so, you're back to the same rents Properties at the bottom usually don't appreciate except as to rents, so there really isn't anything to even closely count on or consider.Now, consider the hassle factor, class of tenants, dealing with local officials, ordinances, even reputation.

This is a SFH located in the Hyde Park/Avalon Park area (south side of Chicago).If there is anything else you need to know about the house to get a clear picture of how I can get the funding I need, please let me know!

It is not in a mobile home park there is actually a mixture of SFR on the same street.

I recently came across a park that the owner just shut down b/c of health reasons; his not the parks!

without seeing the thread, I'm guessing it might have been "mobile home park."

@James Syed I think you are mixing up the 50% rule of thumb for what you can ball park your expenses to be, with the rule of thumb to determine a ball park for the purchase price.

. - welcome to BP, "officially."

So anyways, I have some funds parked in a 401k plan.

You can find a HUD certified Realtor at HudHomeStore.com which is the government's official web site for HUD homes.

An 80 year old widow is looking to sell the park her husband built back in 1969.