Fourth, tenants tend to “try more stuff” with mom and pop landlords than property managers.

These homes tend to individually appreciate over time and are actually not bad places to live.The places with the lot rent you have to decide if you want to be in the mobile home business and buy the park.

again, this tends to be the go to renovation for many.  

In my experience pet owners tend to be more responsible. 

Flatter tends to be better, but even then you need to make sure the soil is stable to support your structures.  

The best part for investors about being near hospitals is that the staff tends to turn over frequently because of residences and travel nurses, providing stable rental and home buyer demand.

Capex and tenant issues tend to exceed cash flow and when you decide to exit after a couple of painful years, you are in for another surprise:It is shockingly hard to sell cheap homes! 

It drives me nuts when everyone quotes a five-page post just to address one sentence, then the next person quotes both, then the next person quotes all three, etc.

One would be nuts to value this on a CAP basis.

Totally emotional questions but I tend to feel that paying off a primary residence earlier is better because you never know what the future holds for you and your income.