Even thou I did not make the ROI on the property that was desired, by taking action, my learning and understanding increased and I am more confident with moving forward on the next deal.

Unfortunately we do not work in the mobile home park space; it is not desirable enough for us.There will be a lot of people here who are more advanced than I am personally, but are not at the level of my firm professionally... it's a HUGE gap. ;)

Either their costs upfront outweigh the long term desirability of the designs (see geodesic dome houses or underground houses) or their costs are high due to the attractiveness of the designs (see post and beam or timberframe homes).

I desire to live in one of those units long-term (to retirement & beyond)  I would love to get advice from others here if it's viable and maybe you can use my example for yourself.The particular property I'm targeting has beach access.  

But because Houston has no zoning laws, just 6-8 miles south of that you have very desirable housing of the Garden Oaks and Heights neighborhoods. 

It is in a highly desirable area with a great possible ROI. 

Another way is to try and get to the buyer, whether you try and send a letter written by the potential seller or sell their desire to own. 

Obviously the 5% cap rate property is more desirable to the market. 

Me purchasing my 1st home w/ intentions of living in it then selling the home triggered my desire to start investing.

ARV – Desired Profit – Closing Costs to Buy – Repairs – 10% of Repairs – Holdings Costs – Concessions – Realtor Fees – Closing Costs to Sell = Your Offer (MAO or Maximum Allowable Offer).ARV: After repaired value or what you think it will sell for once repaired.Desired Profit: This should be taken off the top first.