Local building codes are going to dictate the options.I researched it several years ago and it ended up being cost prohibitive because of these reasons: 1.)  

I am looking for the pot of gold at the end of the rainbow.

However, with savvy keyword research, you can quickly learn how to stay ahead of the game.

I am not really a fan of the program because we have a very nice situation in our current home.Putting 20% down for a conventional loan is a steep task financially so I do not think that is an option plus I have been told by many of my friends with multiple MF homes to never use your own money to get into one.Then there is always using the equity we have built up in this current MF home we live in to purchase the next - I am not sure how that works but have done some research on home equity loans and believe that would be another option.Any advice would be greatly appreciated!

Biggerpockets community is gold, no doubt.

GENESEO EDUCATION  MA30 YEARS IN PUBLIC EDUCATIONTWO GOLD RECORDS AWARDED FOR PERFORMANCE WITH THE BAND ATLANTA (MCA RECORDS)i INVEST IN REITS, CARS,MUTUAL FUNDS, GUITARS.

I actually believe the complete opposite because of several different life experiences.I just encourage EVERYONE to do their own research and think long and hard about every aspect of carrying or not.

Quote from @Drew Sygit: @Joe Budkiewicz another example of an owner not doing enough research and asking enough questions about HOW their PMC will provide their services:(This probably isn't covered in the PM contract, so they can do what they want.Couple of issues:1) This should have all been considered a single event and covered under one Work Order.

I’ve been following much of the research you suggested, like inspecting the property and assessing comparable homes in the area.

I am sure that Scott is aware that he should do lots of research before buying an MTR, but if a part of that research can't be posting a potential deal to the forums and getting community input/guidance on how to think about it, what is the BP forum even for?