@Simon Obas It depends on the neighborhood, condition, what's included with rent. 

Most of the properties In favorable condition have been in the 125-150k price point.

What do you know about the condition of CapEx things (roods, windows, siding, pavement, structural) will they make it for 5 years? 

Last week, I sold the smaller house across the street to buyer clients which appraised for 174 in similar condition.

An upside to it in the current economic conditions is that multiple tenants may have 3-4 sources of revenue streams in a house where a family may be limited to one or two incomes. 

And living here in the city in the present here is extremely difficult for the folks who are clearly in marginalized, substandard living conditions.

And you said the condition was decent so maintenance is probably due.

Hi BP community, I was wondering if anyone could advise me on how critical is it for a property to be inspected prior to closing that requires complete renovation regardless (the property is a complete shell and currently not even close to living condition).

I would only be saving $720/year for CapEx, so if I got unlucky and had to deal with a large capital expenditure, it'd eat up my cash flow.However, as far as I know the property is in very good condition.

I have a few banks in the area I can acquire financing through, and I plan on putting at least 20% down and keeping at least $10,000 in an account for any repairs on park owned properties that might happen early (all trailers have had substantial work in the last 3 years, all in average - good condition)Does anyone have anything they would recommend I look into?