They would be cheaper, but is it "you get what you paid for."

Prices are generally cheaper, there are no caps on rent increases and there are no property transfer taxes.

We are in the sunbelt states and they have performed great for all of our investors.I would be careful with the "riskiness" cheaper isnt always better.

But yes, self-insuring is cheaper, until you have a claim.

Currently only 30 people per milePersonal Preferences:Local Metro: Older build , more expensive (at best its 0-100 cash-flow), higher rents, larger tenant pool Nearby Rural: New build , cheaper (Will cash flow +500), rents a little softer but demand for new products and neighborhoods is real, tighter tenant pool.

Should be cheaper than you getting a new loan.She probably wants more because she probably could have gotten more if she just sold the public market.

Other alternative is to move to cheaper area (CA->TX or bay area->sacramento/vegas) ; but that would reduce my cash position!

A mom & pop with a beloved local business or a franchiser with just a few of a hot new concept are probably better bets and cheaper too.

Or would it be preferable (and cheaper and faster) to just hire a contractor to renovate the old mobile home to HUD standards?

Also, I tell them not to buy used furniture.If you have SFR vs multi-family, you should consider being more or less easy to talk to about it, so, that if you are multi they don't DIY goofy stuff that ends up making it worse and spreading it to other units.ALSO, consider treating between each turnover, as it is much cheaper and easier to treat a vacant unit.Lastly, check out DoMyOwn.com ...they have products and great advice about all pests.Good luck!