There are also several MHP's in the area that are requiring only an RV to be placed when a movie home is removed, when in a flood area.  

I would just think of it as buying an asset with the option available someday to give it to a child as a stream of income, or refi/sell it for the cash for your kid to use for education, business, or a home.

Where is the best place to find distressed properties if I can’t buy websites like prop stream just yet.

Just in the 5 years since I have purchased a whole new shopping center and movie theater has opened within less than 2 miles.

Leverage will be the way you can scale income streams in the future.In the meantime, work as hard as you can, as long as you can, as soon as you can, while spending as absolutely little as you can.

That said, if your return expectations are out of sync with the current market you wouldn't expect many deals to be accepted.If you don't think your offer price isn't going to work, look for other ways to improve the deal (alternate financing, new income streams, etc) to see if you can bridge the gap between his asking price and your needed returns. 

I have years of experience in the stock market and was drawn to the semi-passive income streams of real estate. 

I have a 2400 square foot cabin on 250 feet of frontage on a blue ribbon trout stream, that yields around $50K gross per year. 

Multiple Streams of Income24.

I believe every investor should become a licensed agent. 1 you can have a second stream of income. 2 agents in this market hate putting in low offers over and over.