Hey Mike, my thoughts are that it just depends on your own comfort level.   I

my goal is to get on @Brandon Vukelich level! i

They will make him clean it up.Then contact him after his pain level is higher on the property.

For the multifamily it’s likely a lower class at 400-500 a unit which can be very challenging managing from afarI had a property manager in Memphis who manages 4000 units tell me to avoid section 8 and rents of that level.  I

From a really high level I am looking for the average price per lot in a normal Colorado mobile home park deal.

If I got $10 million tomorrow, I would invest about half in an apartment building and mobile home park and maybe something else (storage units) to diversify my real estate a bit, and the other half in munis/savings and a bit in gold/silver, but I have a decent amount of experience in SFH real estate and would want to use that money to move up to a more commercial level. I

On a personal level, I just set aside enough to cover whatever my largest repair (typically a roof) for each property. 

It just comes down to what your comfort and risk level is with properties that may be more difficult/time consuming to manage and how quickly you want to scale.

Thank you Dave for teh response, My property is showing as below in FEMA. area with reduced flood risk due to levee zone x

I would say that level is equally at no responsibility to check this, because why would you?