How would you invest $25K for your 2nd deal?

[Tod R.]

I'm in the DFW area and am about to sell off some acreage that will net me about $25K. I'm trying to decide how to reinvest this. This will be my second deal. Obviously I want it all, equity appreciation/capture and cash flow. I tend to like land deals, but given the economy, new development just doesn't make sense to me now. I think prices and rents will tend to go lower over the next year. Do you agree with this?

If I go SF rental, I could easily buy a typical fixer upper.

I've thought about MH's too. I've read a lot about MH's and like the idea of a small investment per unit allowing me to own multiple units for diversification.

I appreciate any and all input!

Thanks,

Tod