And you can do it with little cash, 5% down conventional is better than 3.5% FHA.House hacking also gives you a chance to cut your teeth in all major skills: analyzing deals, buying process, financing, working with contractors, advertising for rent, background checks, property management.

Anyways, I think @Caleb Brown hit the nail on the head.

The substantial cash need for large down payment or all cash that most others don't have .

You can't even drive by and look at a tree before you decide if it needs to be trimmed up or cut down.2.)

They had exhibited the desire to pay down debt and had cashed out the parks before us that had agreed to owner finance.

VRBO shut down two of our properties in JT and Yucca Valley, CA due to accusations of price gouging after the LA fires. 

Seems like his option will be to buy it with a conventional loan with 5% down.

I am down the street from you in Long Beach.

A follow up question I now have would be do you think its smarter to completely pay off the first property before buying a new property or to keep going out and buying new properties once i have enough saved up for the down payment along with extra fees?

@Robert Gorra - I've had a similar experience where I've had a really hard time with getting GC's to even give me an estimate, and the few that have have been way overpriced (ie, they want me to put in $20k of cabinets in a budget flip) or have had their prices go up by about 40% and still not give me a firm price when I try to nail down the scope of work.