Here are a few tips that might help as you get started:Market Analysis: Since you're open to out-of-state investing, look for markets with steady population growth, job diversity, and a balance between rent prices and local wages—those factors often hint at stability and demand.

Pace has built multiple income streams that appear to be helping investors, but are really designed to make money for him.

The areas you specifically mentioned have seen growth due to those factors (Buckeye - industrial expansion; Surprise - TSMC plant relocated). 

That same renovation now costs $100,000 with added permitting/design expenses and lengthier permitting timelines. 

If you're looking to invest in Jerome Village, definitely factor this future charge into your cash flow calculations and maybe have your CPA take a look at the exact language in the Declaration. 

If you're comfortable with these factors and the cash flow remains strong, it could still be a great opportunity.

Can you show reserves factoring the DP and closing costs?

Did we factor in for these adjustments and what will come of cost should we transition to a hold strategy at (x) less $s or (x) more $.

Just remember to factor in that you will now have fixed monthly payments on the original three which will reduce your cash flow.

This could mean investing in property flips or purchasing out-of-state rentals for more stable income, but it would require letting go of the $1,350 rental income from the manufactured home.What factors should I consider for each option, and how would an experienced investor assess this situation mathematically?