I have my manufacturer for a modular home. i have my contractor who is excellent. now its time to find a deal and money.

I ran a manufacturing company for most of my life, employing many blue collar folks and competing with imports along the way.All the BS about the stock market tanking changed course real quick when it opened up, and continues today.

I am a manufacturers sales rep and graduated CSU.I don't have any REI experience but looking forward to being an investor.

In my city most people work in healthcare, manufacturing or in corporate positions and I believe I could benefit from an online MBA here.

In speaking with the management company I would use if I do this deal, that is the upper percentile for rent for these type of properties in the area, so there is not much room for rent increases.Included in this package next to the 4 duplex properties is an existing manufactured home that has long time tenant paying $600 per month.

Btw, a cap rate alone doesn't mean much if we do not talk about appreciationSure mate,It's quite simple for meI run 3 companies and a staff of 20.I negotiate hard and find deals where nobody is lookingMost are very distressed and need a tonne of work.15% net would be the minimum I would do for my personal portfolio and the numbers just go up from there.I'm in the process of buying a 10 unit in a B class up and coming area that i will be into for a total of $200,000 with projected net rents of $40,000+ (I'm keeping the numbers very basic here)So, no offense but I wouldn't let you know as I keep such deals for myself lolI suggest you look into the Midwest as there are many blue collar working class markets (No where near ghetto) that offer amazing numbers.You just have to manufacture the numbers from the start and then have a good team in place to make it work.Team work makes the dream work in any market no matter what the online stats are showing regarding the demographics and unemploymentMuch successps.

@Will RohanHey Will, we are moving into flipping manufactured homes on land after doing single family houses for the past decade. 

If you are getting a prime lot with that mobile you could do a hard money loan tear it down and finance a brand new mobile/manufactured home.

I consider this sort of real estate business as being like manufacturing.

I'll have to wait it out a little.I don't like the idea of owning manufactured housing but maybe that's a little snobby of me and not thinking financially.