If you had to pick one... $60k passive or $110k semi-active?

[Ryan Caughron]

I'm at a crossroads. I am looking at $2.5M properties and I've narrowed it down to two options, 1) a 60-unit apartment, 4 hours from home, that should cashflow $60k annually with a property manager in place, or 2) a 150 unit ground lease trailer park, 1 hour from home, plus a commercial laundry facility open to the public. In total, it should cashflow $110k per year, but will require more of my time. There are 3 employees related to the park manager and laundry facility. Lots of moving parts, but it's more money and closer to home. I have no experience in trailer park management, but a good friend owns a couple and is willing to help.