You should be rockin' the passive income.I never recommend building because, when the economy changed overnight in 2008, builders were the first to go and have still not come back in force.I never buy land - it's betting on the future.

Maintain the property and begin implementing strategies that promote tenant retention before you need it.Buy in Fundamentally Strong MarketsThe temptation is to chase yield in speculative areas without a strong local economy, but don’t fall for it!

Amazon is also building a new distribution center 10 minutes away that we hope will bring a boost to the economy, so we want to wait and see with this one. 

I think Chile has very good opportunities, prices are not so high as in the US, construction is very regulated and the economy is pretty stable.

@Christine Mwai - Booming Economy, Growing Population, Great paying jobs, Good price to rent ratios, New developments. 

If you combine them into a commercial property, the lending rules change and financing becomes more complicated and more expensive.3) the economies of scale are the same for 3 duplexes or a 6-unit parcel.4) insurance is likely less expensive on 3 duplexes5) a valuation based on NOI may or may not be greater than 3 residential buildings.

These are things to think about.CASH FLOWIn this day and age, with the economy the way it is, I highly recommend paying cash for your rentals.

I'm aware I'll  loose the economies of scale a proper MHP would have, but would this idea be cost prohibitive, or potentially a good stepping stone to one day being able to graduate to a real MHP while gaining local industry knowledge & contacts? 

Hyperinflate it like a banana republic generalissimo ruining his economy.

Indianapolis is almost perfect as it has a lower entry point, growing economy with good deals, but is about 3 1/2 hours away.