You'll realize why coming in with a position of strength is vital-- if you cant practice such discipline, the realities of the market will make you.

The could be a equal preditor or worse.

But is that worth the significantly higher purchase price (equal to 13 to 15x that of the mobile)?

Too many people think you need to have equal partnerships for things to work, but that's not the case. 

Understanding the local market there, like rental rates and property trends, is crucial but hard to do from far away.Finding a reliable property manager is vital for tasks like tenant screening and repairs.

In case you're not familiar, that means each month's rent should equal 1% of the purchase price.

Networking and creating your "team" of professionals is one part of it, but also educating yourself on the variety of real estate investments and determining which is the best vehicle for achieving your goals now vs. later is equally important.

Yes when you look at inflation prices are rising SOMEWHERE, but NOT equally everywhere!

He was there every week making sure things ran ok but he also had a total of 8 units on that property with 3bd/1ba each equal 24 female tenants.

Yes, I could have done a 1031 but since the market is still over priced, my gain wasn't even enough for a down payment on something of equal or greater value so I had to take the hit.