Your old carpet did not become more valuable over the seven years you owned the property, even if you are selling for a gain.

Being nearby allows you to stay hands-on—you can see, touch, and fully immerse yourself in the process.There’s a lot to learn, not just about managing rentals but also about overseeing property management companies.Handling tenants and maintenance can feel overwhelming at times, but starting with a property close to home gives you the opportunity to gain valuable experience.

I know I'm probably making mistakes along the way, but its been a valuable learning process. 

Additionally, listing brokers represent what seller's provide them. 

Additionally, since my parents are nearing the retirement age, I'd like to prioritize low-debt, high-cashflow deals.

You and your husband are definitely in the right place to get valuable information.

This is platform for professionals and novice investors and you will learn a lot of valuable, hard-earned lessons in a short amount of time.

Additionally I would add a benefit for you is that you're in great area to be able to invest locally and can invest in your own back yard as they say.

@Kenzer Hodgson For your STR, an umbrella policy can provide liability coverage, but an LLC offers additional asset protection by separating your personal and business assets, which can be valuable in case of lawsuits or audits.

Given your experience with RV parks and MHPs, you already have a strong foundation for managing mixed-income streams, which will be valuable here.