I recommend that they use a property manager.

I love the idea of flipping houses and I love finding good deals.

I have listened to some very good podcasts on the merits of owning and investing in the parks, being the source of housing it is.Good question!

I have a friend here who has about 140 houses right now, who I was discussing return on equity with.

@Brody Trott You can not got wrong with House Hacking.

The loan is with you, not with your tenant, so none of that means anything to them - in fact because you live in one unit and it's under 4, if you were self-managing you don't even have to abide by fair housing laws (at least on the federal level). 

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

I wanted your typical 3 bedroom house (not necessarily 2 bath) which cash flows.

Investment Info:

Other other investment.

I have a shop on my property that has a one bedroom apartment.

House Hacking that for $800/mo.

Only other wild card is if they destroy the house on the way out.