You can actually see from the outside that the foundation looks damp all the time. 

Some are starting to show signs of movement/ foundation sinking.  

House hacking can also help you offset your living expenses and gain experience managing a property.Also, building a strong foundation is crucial to you success.

My partner and I are looking to create a portfolio of long term rental properties to create freedom and independence from our W2 jobs, and create a foundation for generational wealth.

By way of comparison, the same year I bought the lien on the 36 acres parcel of commercial land being discussed here at 16%, I bought a lien on a double wide mobile home affixed to a permanent foundation in some remote Arizona town, and I got that one at 0%.The bulk of the property is not in a flood zone.

After nearly a year of construction and about $40K in costs, all that had gotten done was the laying of the plumbing and foundation, the prior of which my contractor had to redo.

All in all, think I have a solid foundation.

It appraised at $553k and the inspection showed lots of minor to moderate deferred maintenance, mainly needing a roof and some foundation repairs and a few water leaks inside that need addressed.

Building a strong foundation is key to success in any real estate market.

You don't need to know everything to get started; you need a foundation to build on and the rest will come through experience and then refining your education.You can build a basic understanding of investing in 3-6 months.