Learning the business is vital but you have to pull the trigger on your first deal. 

However, it is an extra layer of screening for any perspective tenant.https://ujsportal.pacourts.us/DocketSheets/MDJ.aspx

After no other rehab than a couple of new windows & a $10k new roof (5 layers of cedar & asphalt tile) we sold it in 2005 for $78k @ 12% & still hold the note.

HOA adds a layer of complications that some people are not comfortable with.

I am a believer in being a deal "maker" rather than a deal "killer" but there are some things you need to know about this deal:1) Assuming that the lot rent is around $200 per month (guessing based on the numbers you posted) you'd have total revenue on REAL property of $3,400 per month.2) The expense ratio on this deal is closer to 50% due to small size and private utilities, hence a net income of $16,800 per year.3) At a 10% cap rate (I wouldn't go any lower due to rural location) the value of the REAL property is only $168,000 plus the value of the mobile homes which are PERSONAL property and cannot be "capped" (figure on maybe $3,000 per home x 14 = $42,000) so the total value of REAL and PERSONAL property is roughly $210,000 NOT $325,000.4) A park in a rural setting like this would have to have a strong test ad result (20 calls in 10 days) or the market is too weak to support the property.Based on experience, I would think this would only work in Nebraska, Colorado, Montana, Wyoming or some state in which there is still high levels of demand for rural housing and economic vitality to push rents in the future.

There are A LOT of obstacles that you will overcome (talking to sellers, callers yelling at you, people wanting over market value for their house, having to figure out what you need to do....).For me, my deals mostly come through direct mail and other strategies that I layer on top of it (RVM's, SMS, email, etc.).

I think carpet will probably be the cheapest.A typical detail in a modern apartment will often have flooring, underlayment, 2" of lightweight concrete, the subfloor, insulation in the farming, then hat channel suspended by cable with two layers of 1/2" drywall with green glue in between.You aren't going to do that.

Sometimes it is the work of bad flooring install or layer over layer of new flooring for 100 years. 

Now imagine that nervousness is caked on you like a layer of dirt or something. 

If you want a layer of anonymity, hold the properties in a land trust with the child series LLCs as the beneficiaries.Separately, if you do flipping, have a Series LLC for that, with each flip in a child Series-LLC and left dormant after sell.Here is a diagram to help you on your quest: asspro-cya-diagram-v6a-solo-401k