We saved monthly for over a year and in the fall of 2018 we purchased a half acre of land with a 1990s model single wide house trailer on it for $15,000 from a local real estate investor who had abandoned the project after letting it sit on the MLS for a year at 40k and needed money for another project.

I guess it’s a matter of perspective- world wide even those of us at the bottom of the economic spectrum are blessed.

We also have a lot of smaller and older type properties in a wide variety of neighborhoods.

How wide is your trusted network?

It is interesting to see here the wide spread of risk tolerance on display.I'm curious, for those of you who are more risk tolerant and invest with all you've got and "Come what may," how you handled the emergencies (if any) that came?

BiggerPockets has blown this whole world wide open for me and I am very excited about the possibilities that it opens up for me and my family in the future!

If where I live had cheap houses in the 50k range then it would be a no brainer for me, but I live in CA where scaling wide to start is impossible because properties are so expense (1-2% rule aint happening here) so I have to make some hard decisions about what my goals are for getting started.I wish there were some general guidelines that work for all newcomers, such as invest local with a single family home and learn about fixing it up and being a property manager (conservative approach), which seems to be the only choice for some people.

The manager told me it will be system wide soon. $2 a day.  

12x10 lofted shedBeautiful50’ sycamoreTasty peartree1.28 acresowned by nephew (mortgage on home)2017 964’single wideWorkingwell (4” submersible)Workingseptic (vol unknown)Existingelectric meterCableinternet accessSince buying myproperty in 2016 my vague yet rapidly solidifying plan has been tobuild my forever home, fence it for horses and build a four stallbarn, bring in a nice single wide or better, and rent the single wideout to equine enthusiasts during HITS and such.

Our biggest beef with section 8 in the OKC metro is the length of time it takes to get an inspection and then the wide range of items that some inspectors will pass and others fail.