My park has street frontage to a fairly busy street, and the two houses in front are very visible from the road. Currently there is a vinyl sided, peaked roof house in front, and a tiny 1960s, 12x40 1 bedroom metal on metal house in front. Picture from google streetview (the park is slightly less ugly now, but only slightly):
The tenant in the 1 bedroom house hasn’t paid her rent this month, and sounds fairly doomed. Normally I would make a cash for keys offer in this situation to try and minimize damage to the house, and to avoid the lengthy process of filing for abandoned title. In this case though, I’m not sure if I even want the house, and if it might be a wise investment to spend the ~$30,000 tearing it down, prepping the lot, and putting a new 14x56 two bedroom in its place.
I know this is a fairly fuzzy predicament with no right or wrong answer, but I wanted to see if anyone here could give me some insight or guidance. What would you do if this was your park? Give the resident cash for keys and rehab the house, or just let them fall then tear it down and put a new one in there?