The average rental yield for the country is 7.2% while the neighborhood I have chosen to focus yields about 9 to 10%.The closing costs are quite high which makes having initial cash a basic requirement.

We'd love to hear your thoughts on our situation:Offer accepted for Single Family Home (foreclosed bank owned) - Chosen through bids - communication with seller was very slow and drawn out.

Once you know what direction you want to go, it wouldn't hurt to find a local mentor in your chosen area of focus.Just my 2 cents worth, best of luck.

While we could certainly make more money if we spent more time at it, we have chosen a different path.

So much so that I have chosen to build my business around that core principal.

Second, they own a bunch of rentals, which they have chosen to place in this particular park.  1.

By zip code it shows all activity in your chosen area regarding nightly rates, vacancies, amenities, etc.

How far in advance to people generally have a place chosen and booked?

Research the different ways to invest in real estate find the one that interest you so you enjoy learning about it and consume as much as possible on that aspect; whether its single family house, small multi-family, apartments, commercial, buy and hold, fix and hold, fix and flip, local investments, out of state investments, self-managed, professionally managed etc. as soon as you have an understanding of all the major components of that type of investing start looking for a relatively low risk deal to break yourself in on to gain experience, but don't stop reading up and learning more and more about your chosen area.

(you fill in your chosen destination)