I am now reading Gary killers the millionaire real estate investor.

The downside to this type of investing is you would need to finance commercially because VA and most other home loans are not available to you due to not being owner occupied but if you have the drive to find a good property manager you might be able to get a killer deal on something.

Spellcheck is a killer sometimes.

We engineered a very advantageous rental situation for ourselves and have a 2bdrm/1bath unit with some killer amenities in an OK neighborhood for $2225/month.

The biggest thing to look out for is the land lease, as that is the real killer. 

If it's any help, you can also check out this overview on how I close cash deals in-house.I know this is unconventional advice - but like Jason said (and as you're probably seeing from your own perspective), there are times when the closing costs can be a deal-killer in themselves.

Thanks, from what I can see it looks like a killer investment.

Most of the time I show people houses - they are most interested in the kitchens and the bathroom - if they don't like the kitchen - they usually don't even want to see the rest of the house - but if they don't like the bathroom either - its a deal killer.

@Adam Stanton I am a big believer in pricing anything just below the market, since vacancy is the ultimate profit killer.

I was going to ask you about water because water bills are a cash flow killer and I would rather defer this to the tenant if I could.