I am looking for any other general advice anyone can give me as to what to look out for because this is very big responsibility and weight being put on my shoulders if I go along with this.

I also used my VA loan, so I only had to pay closing costs of about $3.5k.Unfortunately, this area was in what’s called a “Mela-roos tax” zone for roads/neighborhood upkeep which added an extra $350/month to my PITI.Therefore, my total payments were $1600/month.When I moved in the summer of 2012, it looked like mortgage rates had sunken to about as low as they would go (I was wrong, they dropped another .75 basis points…but who can time the market).I decided that I would refinance to get a lower monthly payment.For $2k, I was able to reduce my monthly payments by $230.Add this to the fact that real estate prices were rising fast (my Ohio property was now worth about $95k and the one in California was at about $240K!).

This doesn't include any utilities you need to pay, any property taxes, any vacancy, or any repairs/upkeep needed on the property.

I have seen general downturn in upkeep of rental areas in last 20 years other than newer multi family .

@Patrick Britton sounds like you are stressed to the max with those properties and offloading a few of those will take that weight off of your shoulders, right?

I do plan to stash a portion of rent to upkeep as it isn't a new house.How does it sound?

Pros: a. more than one unit so vacancy isn't zero if one unit is vacantb. all your problems (roof, yard maintenance, etc) occur in one spotc. possibly more cashflowd. purchasing is the same process as a single unit, so one closing process, one set of closing costs but you get two units or moreCons: a. more upkeep inside (ex: two bathrooms, two kitchens, etc)

Those who own their own homes in the park should take care of them while you maintain the infrastructure and upkeep of the community.

I didn't feel comfortable with it.After I left teaching in 2011 I felt the weight of a 100lb pack taken off me.

I did not want to rip up the driveway so I planned to just wait until resale and deal with it then, I ended up keeping it as a rental anyways.