Personally, I've bought older homes since I invest in mobile homes myself.

In the meantime, just focus on filing the vacany of the first property you bought and get familiar with what it's like to own a rental property first.  

You LP lost everything.Other ways, poor property management team isn't managing property well, and syndicator bought in tertiary market with only one or two managers available and no way to self manage.  

Quote from @Brian Lubeck: I have owned a park for a few years and when I bought it there were 5 trailers that did not have a title. 

Unfortunately, many come to us AFTER they bought.

In 2024 we bought two homes - a duplex rental in Utah and a primary residence in Santa Cruz County, California.

Purchase price: $174,000 Cash invested: $16,000 Bought a single-family home in spring of 2021.

Hi, Just bought a unit via LLC in Nashville area, specifically in Berry Hill to operate as STR.

Would love to get some more information on the deal like how you found it, how long ago you bought it, etc.  

Good day, I bought my first 2 properties in 2024.