@Eric Carr All of the above, every house is a different style and the age range of the homes is pretty wide. 

I adjust the capex to match the age of the house and the age of the major components. 

The homeless issue, the illegal immigrants, tax hikes, failing infrastructure, mass exodus of people leaving the state, diseases popping up that we haven’t seen in ages, push for low income/affordable housing and the fact that it’s a tenant friendly state.

.- Increasing Demand Across Age Cohorts: Boomers downsizing coupled with a growing number of Americans who can no longer afford to rent or own traditional housing continues to drive demand for MHC  - see chart below.- Limited Supply: Only 10 new MHC sites have been approved in the U.S. over the last two decades - see chart below.- Downcycle Outperformance: MHC is the least sensitive property type to negative changes in GDP.  

Depending on the age of the buildings, there could be significant structural, mechanical and electrical problems that could easily chew through a combined 3K per unit budget.  

Most of my friends are around my age (I’m 25) and they don’t have an investor’s mindset.

As a property ages and gains in value more and more of the value is allocated to 1250 property.

My new goal is to retire by age 40 (I'm 27 now).

I would also never do this for something like an aging McMansion, or a small condo or development tract house built in the 1970s or later in my area.

Bravo for starting out at a young age.