And having reserves or cash flow is key - will help you absorb any unforeseen situations.

I will do my homework on long distance REI (even tho the markets are 1-2 hours away), but have a couple questions- What are some of your key metrics/signs you use when identifying a new market?

This is a discussion board. 

@Elin Trinh I think right bow new constructions def has its benefits, but your key to success will be your team in Houston.

Depends on your investing style of course but I do not believe there is a better turn-key company in the US for those that want to be as hands off as possible.  

I find that follow-up is key with ALE and CRS.

You probably won't get distributions during hold.Syndications are generally tax-efficient, and Michael highlighted several key aspects.

You can look at a mobile home and see it as an easy rental with new carpet, trim and some paint but there are other bigger uglier expenses that can come up.Roof Replacement, soft floors (water damage) in kitchens and bathrooms- most floors are particle board, exterior door replacement (special order), underbelly insulation falling, bad hot water tanks with rotten floor underneath (real joy), bad windows (water again), bad bloated siding (water), water damaged base frame around perimeter of home, cracked tubs (special orders) and frozen pipes (Good luck finding a plumber to come work on a mobile home- they do not exist). 

We can add a schedule B to it with our own terms however the Land Tenant Board rules will always supersede anything. 

Also, what key questions should I be ready to answer when speaking with an agent?