And even that number is still a pretty giant amount of risk for a newbie.Since we're in a hot market right now, a correction is without a doubt in the near-ish future, which poses a big risk to newer investors like us, so you have to play things cool and conservative.

As for non performing residential notes, well thats where most of the note players on BP play.  The

Regardless I decided I was not going to play the odds and just bought the whole park, and a bunch of land-home deals where you own the double wide and the land.  

In the past I've always been amazed at how much better the lenders can do once they are challenged by the competition (re: rates, loan orig. fees, etc.) but I hate having to play the game each time.

We chose this area for better ocean play, the significant growth of the industries, and the relative small-town feel.

Play the Cashflow 101 game (there is a Cashflow 202 version once you feel comfortable with the 101 version).I played the game (mostly 101) many times in the 2000s as a fifty-something and learned a lot. 

Add in that large funds sometimes need to buy more than they can at optimal returns, and they might play the appreciation game on either value or rent. 

I'm sure some of you probably have kids who play the game.My goal within real estate is to be successful within the mobile home park niche.I decided to join the BP forums after watching several of the podcasts on YouTube for the last week or so.

The more tenant friendly a city becomes, the more incentive it provides for landlords to not take a chance on vulnerable tenants and leave them for other landlords who know how to play the game and are willing to play games that harm vulnerable tenants more.

I also like to play the contrarian.If I decided to part with one of my 150 unit apartment buildings, the logical decision is to complete a 1031 exchange.