Why would an investor buy a $235,000 property that is renting for $1,400?

Even so, most people choose to buy coverage for things even if there's a 99% chance they won't need it.  

That's like asking how much it costs to buy a car. 

I just finished reading The ABCs of Real Estate Investing and ABCs of Buying Rental Property by Ken McElroy.

I'm also considering Halethorpe because it's a good commuter location.Some people really like supporting the city in which case , northeast Baltimore would seem to the best place to buy a single family, in my opinion given the taxes situation and given that none of those areas are walkable I’d rather just be in the county and pay Lower taxes, and it’s not like northeast Baltimore is much that much cheaper than Baltimore county, hathorpe is mixed, arbutus is nice, I hate the housing stock there, would rather be in Catonsville if I was considering western Baltimore county. 

We have one other mobile home park and this property will determine my desire to buy more or sell.

Quote from @Kyle Carter: I want to buy an apartment building and rent it out to all section 8 tenants.

To save those costs, you might want to stick to some year build and older, for example, if you cannot do inspections on the properties that you are buying due to off-market deals or something else that is hindering you (all sellers I buy from do not want anyone in the home till we close).

2) Can we not pay anything if buy 2nd home in same LLC?

But it feels like if you keep cashing out equity on your properties to buy another, you end up with multiple properties but with your equity stretched really thin, like a house of cards ready to collapse.