One of the biggest risks I observe with flips and first time investors are instances where the project goes over budget or gets stuck in mud, can't sell and even worse the borrower doesn't have the credit profile to refinance out to a lower interest lending source if borrower is required to hold the property as a rental. 

I have several clients who have invested in Vegas and had a lot of success but now they're focusing more in the southern/middle part of the country because the price points are lower and the laws are more landlord friendly.

Without new companies creating similar-paying replacement jobs, workers may have to settle for lower-paying service sector positions.

Is there a report that says lower priced homes are more likely to have a seller assistance?

Panicking sellers may temporarily drive prices lower, but stabilization is expected.

Most lenders will use the middle of your three credit scores and if there's more than one applicant, the lender will go with the lower of the two credit scores.

For just one unit, we charge 100% of 1st month for self-managers and 50% + 10% for us to manage.

In my devious mind, I thinking like you that I hire a parking attendant, install gates and charge an entrance fee if I bought it. 

I still think this might work, but I will need to look at it from a few different angles.I like the idea of mobile homes because it's a lower cost way to get started.

The property management company I use charges you for pictures.