The money you're spending is a tiny amount compared to what the return is .

We put 20% down, did a tiny bit of cosmetic work, and have an interest rate of 4.85 or so.It may get me burned at the stake, but I am a fan of the 50% rule so I used it for estimating expenses.

Then just start taking tiny steps of action each day.I gotta say: JLD's Freedom Journal has been pretty dang helpful for me on the "action" front.

In 2005 we bought our first property, a tiny 1-bedroom condo (no garage, no yard) for the same price that my parents paid for their brand-new two-story 3475 sq. ft home complete with swimming pool/spa in the same county only 10 years earlier.

A lot of people are buying Tiny Houses.

but spending 25 bucks on a permit is tiny compared to the fines they charge you if you are caught.You will need some sort of stud, either wood or steel (check with local codes), 1/2 inch dry wall, sheetrock tape, bucket of mud, 1 inch,  and some bi fold doors.  

So in essence I give up the tiny rent raises [we in Ontario are restricted to (0.8-1.6%)per year] for the PM fees....anyways works for me.I know others like Gary above who invest in Barrie, Newmarket and Orillia who have had some other great success.Saying.that I'm still very interested to invest in some US properties....need to figure out which areas and finding opportunities!

This is the number one reason in my state of Georgia in most urban core and suburban areas you do not see new parks.They have restrictions against them and also the people at the park tend to be more transient.The local elected officials get constantly bombarded by complaints from home owners about the parks being eye sores and attracting crime.I have seen some counties enact laws where you have to buy a minimum of five acres to have a trailer on it.This keeps people from buying tiny parcels and dropping trailers on them everywhere and impeding the county and cities land use plans.I would look at a park where it is sitting on premium land for commercial development.I could sell off all or parcel out smaller pieces over time to extract more money per acre.My mom's friends in their 70's and 80's have owned about 45 trailers or so for 40 years.Every time a trailer burns down or something grandfathered in goes out the city hits them hard with paying for new connections etc. that cost thousands of dollars.Believe me cities and counties do not like these things in my state.There are of course rural counties where they do not really care about such things except for right in the town.The county or city will sometimes allow a temporary conditional use for a trailer while someone is building their house on the land but the put a time limit on it.

If you have one floor chopped up into tiny apartments, despite the legality of it, are you sure each has 2 means of egress, are smoke detectors installed properly, are utilities metered separately, would insurance pay up if there is an issue etc.?

Another "friendly help you out of a jam" tenant and they had 3 tiny dogs!