I know a great agent in the area who helped my friend buy in Ogden and did a great job negotiating.

This diversity provides a certain level of stability to the job market.Population Trends: The population has seen modest growth in the last decade.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

I'll add a few more things that can have a huge financial impact: required reserves, LTC (loan to cost), application or other upfront fees, and prepayment penalties.As a fellow flipper, I think it's important to have reserves, but they shouldn't be required as part of your funding.

This requires a dedicated effort sourcing and analyzing hundreds of deals to find the one or two worth pursuing.  

What kind of seasoning is generally required as it relates to the rents/revenue as it relates to servicing the note, etc...I currently own one PadSplit (acquired via Subject-to) that has been up just over a month.

I lived well below my means, worked a full time job for years while doing this on the side, persisted when others did not... and now I am enjoying the fruits of my labor.  

Real estate is NOT a passive investment and requires lots of analysis and education.

We also manage properties that have been neglected prior to us managing them and they require more.

Just make sure you do you research on Manufactured guide lines and requirements.