Well, I don't think I want it. Not unless we tear it out and put in a new one.
Apparently they are not eligible for mortgages too so thats something to think about (no tax break on the interest etc).
If we could get it cheap enough, we might be able to do it... but a new unit would be at least $100k... so if we paid maybe $150 for the lot which is low-balling them, thats still $250 and the interest rates are higher on non-mortgage loans so our monthly payment would be $1649... still kind of high (but not worse than private rent.
I think we should also probably wait, but it will depend on what my parents offer to help.
Funny enough, the wood paneling was NOT as bad as I thought.. but there was SOO much work to be done, sun damage, new struts, new roof etc...