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Updated over 3 years ago,
Mobile Home Park or STR’s? What’s more Passive?
Hi. I'm a newbie and just bought my first multi. About myself is that I'm a busy full-time, New York professional. I'm entertaining diversifying my real estate strategy , with maximizing cash flow primarily. Because of location, my future venture (hopefully December) will likely be a more distant one. I've been reading up (probably 4 hours of research reading plus podcast) the ins and outs of mobile home park investing and STR's. I still have much to learn with both. Assuming I've done good due diligence, assembled the right pm team, and got a seemingly good deal on a 300k purchase budget, can any seasoned, well-rounded investor tell me if either route is more passive with lesser liability than the other? If any person(s) can share average hours/month spent on taking care of/attending to either of their better investment (str and/or mhp), this would be useful