In tough economic times, people downsize, increasing the demand for affordable housing options like mobile homes.

The investor must consider whether the potential property value increase or other benefits outweigh this loss.

If I could do things over again, I would likely manage things manually.I could see software being valuable as you increase your number of doors, but for a small number, it doesn't seem worth it if you're reasonably organized.

You will be able to buy another appreciating asset and increase your net worth.

If you believe that rents and property values will increase in the future, it might be worth accepting the negative cash flow for now.

As of mid-2024, the median sale price in Stockton is around $460,000, showing a modest increase of 3.4% year-over-year.

Florida is definitely getting riskier and it is mostly due to the increased insurance costs (from weather and natural disasters as well as fraud). 

Putting five unrelated occupants in one home means five cars parked outside, five different group friends visiting the home, increased likelihood of noise or parties, and other problems.Personally, I have pretty strict requirements when three or more unrelated people are renting together because of the potential problems.

I could probably continue to source leads by increasing my web presence and some local advertising, someone more local to the area would have a clear advantage, I believe.

My goal is to generate cash flow, no knowledge on how to increase the NOI, no experience in house flipping, just some cash from inheritance.