Prioritize positive cash flow.When vetting a deal if you're looking for appreciation see where you can implement forced appreciation, where you, the investor have some control rather than being at the mercy of market appreciation.Forced appreciation could be done in the form of operational (changing out property management to enforce rent increases, getting rid of delinquent tenants, reducing property expenses, etc.) or interior/exterior value-add work (unit renovation, amenity/facility upgrades, paint, roof, etc.)

The fact that you have a contract with an inspection contingency literally means you have the owner's authorization.If the property was built in the 70's or prior, it's definitely worth it to get the scope. 

For this reason, a Community is essential to your success - you can collaborate, share resources and knowledge, and learn from others. 

Plus you have to get in line on turnover day with all of their other properties, whereas if you hire an independent cleaner maybe they will prioritize you if you take good care of them.

@Shari BakerI’ve specialized in mobile homes for 20 years and have collaborated with people all over the country.

I urge all investors to consider collaborating with a property management company or realtor specializing in investment properties.

One of the things that I really like about this sector is the collaboration factor and putting the teams of experts together to be able to leverage everyone’s skillsets and relationships!

Rent Style: I'm not sure on renting by room vs unit, long vs short, etc but I'm generally thinking that I will rent by room, prioritize medium- and long-term rentals (except for sometimes Airbnb'ing my own space if I'm not there), and fully furnish the space.

Partnership & Collaboration is key when scaling.

Make sure they prioritize the management side and have good contractors they work with.