With houses some might buy in depressed areas and deal with lot's of crap to try and get a high teen yield.

With all the talk of being a LL like it's sexy or something so you can achieve FI so you can do what you want.Landlording should not be a hobby for novices dealing with the shady.

Most days are filled with less sexy tasks, including legal document review, portfolio updates, and meeting pitchbooks.

It's a lot less sexy, but creative expression is overshadowed by profitability.

They understand fully what is expected and they don't test the boundaries like a teen does since they know the boundary will definitely be enforced and no excuses accepted.If that is not understood or acceptable I tell them this property is probably not their best choice because this is what happens.  

From my research, mobile home parks might be a solution to the housing crisis, especially if a designer figures out how to make em look sexy. 

Yup, agree with the above, market is 8%-ish pref with starting hurdles in the 70/30 range and ending hurdles in the 50/50 range over a mid to high teens return.  

A few weeks ago there was an Arctic blast coming through our area, lows in the teens expected. 

I would say 80% of the crowd of of supporters there was somewhere in their late teens through mid 20's.   

Most syndicators right now are targeting mid to high teens IRRs.