That month was when the first big rainstorm came through and we had water pooling up in our 3rd bedroom, where the floor damage was when we purchased.

Leaving an extremely small pool of buyers.

I was planning to offer $35,000 - $37,000 in hopes of getting it for about 40. 1 bedroom 1 bathroom 512 sq ftThis is a non-warrantable property because the complex owns a majority if the units.I spoke with the complex manager and their identical units are not rennovated, (nor is this one) and are renting for $850.It's in an apartment complex with a fitness center, laundry facilities, pool and clubhouse.What do you think of this investment?

This keeps the septic tank from getting full and backing up.So why was I in this pool of pooh?

They do the due diligence and invest through a pooled fund, so you get exposure in multiple deals for a lower size.  

It's closer to 800 sqf and we have amenities like a doorman, a pool and roof deck.

Many, not all, Mobile home renters are the bottom of the barrel in the rental pool.

@Sunny Basu do you own a house already?

Also keep in mind that if you are purchasing SFH’s or small multi-unit properties with no stairs, pools, playgrounds, or any common grounds whatsoever then there is much less chance of liability.

I have bought   "Luxury" 4 br homes by the beach, pool homes, and some lower middle stuff, but everything is a pretty house, or it has that X factor, appeal, usually one of the nicer homes on the street.