This is kind of depressing to hear being from California and getting into the Real Estate Business.

Banks appraise quite low in these depressed areas of Rochester.

Atlanta has gotten pretty expensive and TX has high property taxes and insurance rates which depresses returns.

I obviously don't know you whatsoever... but wanted to caution you that it can be a tough business, with complicated (depressing) situations, and lots of rejection.  

Psilocybin will be even bigger as it has even broader medical benefits - alzheimer's, addiction, depression and anxiety plus its not habit forming. 

@Corin Prendiville Im newer to real estate but ive had several appointments in North Adams and ive negotiated deals out there as low as 10-20k but Its hard to find buyers that market feels depressed.

I would read the following:1) Any of the books that Dave Reynolds and myself have written (OK, that was obvious).2) Sam Zell's book "Am I Being Too Subtle" not for the MH component (only about 4 pages although he's the largest owner of mobile home parks in the U.S.) but because it has excellent discussions on the concept of risk vs. reward which applies well to mobile home parks.3) "The Man Who Bought the Waldorf" which is one of the greatest real estate books of all time and tells the story of Conrad Hilton and how he built a fortune, lost everything in the Depression, and then bought it all back for a penny on the dollar later when everyone else would have just jumped off a bridge.

Hi all--New to the board with a quick question.I have a nice older home with a garage apt. in a depressed area that cashflows marginally... great for awhile, but the area is flat, taxes and insurance are going up (still feeling the effects of Hurricane Rita) and rents are maxed out.

High level people want to see an outright depression, etc.Id back out fast. 

I stopped looking there because the market is so depressed.