Today's episode may interest you as Joe covers the key areas that he includes in his monthly updates to investors.  

(English language link: https://estado.pr.gov/en/forms-for-corporations/) Airbnb is doing quite well in PR, but it suffers from wildly diverging standards (location, quality, prices, etc.) and a glut of similar properties in key areas.

Challenges of developing a MHP is primarily putting them in where there is enough demand to justify the large amount of capital that you are going to have to put up up front and hold over a period of time before you start to cash flowSam Zells company ELS has just started development on a 55+ community in Florida....it is a key area of where it can work and they have large amount of cash flow to support this type of hold...most people don't have this luxury.Majority of other issues is the city...from a city standpoint MHP's just don't generate a lot of revenue for the city and uses up a good amount of resources dollar for dollar. 

Unless you're doing alot of renovations in one key area like a particular county, It probably wouldn't pay for you to try and guess a contractors price.

In the initial stages still but am excited to get focused in on a few key areas.

I do suggest you start specializing on one key area rather than chasing all over the Chicago area.

Most of he record low inventory levels we see in many areas are due to the fact that banks have found other means to liquidate their holdings and that hedge funds have jumped into key areas like CA, Vegas, AZ, etc and are buying up toons of properties.

Whether you close one deal per month or one deal per year, if you don’t protect it, your business could be in jeopardy. One bad deal can be financially devastating. Putting safeguards in place to protect your investme...

That way you will replenish some of your cash reserves, gain experience in another key area of investing (most investors wholesale some deals during their career), and it means you don't have to walk away from a profitable opportunity if that's bothering you.

Hi, another area besides bay area i'm considering is the AZ area..thoughts/insights on this anyone?