I live in FL but do all my investing OOS , avg 15- 20% NET caps based on cash purchases. 

Note owner occupied does not have vacancy, unit turnover costs, and typically has lower maintenance and cap ex costs.

I've been long small cap ETFs and specific small cap stocks, long BTC, long platinum, long gold, long BDCs, long fixed rate debt(sub 2 year) and long puts against mega-cap.

You will want to check your local and state laws, I do believe some states cap the amount.

We all know the playbook....teach novice investors how to buy in C/D locations where the cash flow appears higher despite the operating expenses and cap ex being disproportionately greater than better situated real estate.

@Mann Phan When you went to buy you should have done an analysis of a few things; market for property value basis and market in general - rental market and viability of that - CAP-X, to assess exactly where everything in the structure is at, how much life left, and formulate what impactors are potential to come and how soon. 

I've done the math on a few dozen of the buildings and individual units for buyers and have rarely found something that will truly make you more than a 4% cap rate.

My question is do I run the numbers on the SFH as if it were by it self, then run the numbers on the trailers in park and take the average of the 2 cap rates? 

Where does the depreciation recapture get capped?

 I would recommend Puerto Rico , From a business standpoint it’s a good real estate investment for Buying multi family properties you’re getting properties for 20 $30,000 at cap rates 20-30.