I've been running numbers, and if I can get something in the nicer area for $80k that rents for $1200 ... preferably newer construction to keep capital costs down.

Preferably under $130k.

I would probably switch agents at this point but I have been with this person for months now and prefer to dictate the course rather than try to find a new person.

Previous years have included all-expense-paid helicopter rides, wine tasting, horseback riding in Puerto Rico and a private Jimmy Buffett concert in the Bahamas for more than 1,000 employees and guests.

I thought he suggested that his active strategies were a preferable form of investing, but I now see that he didn't say that at all.

Personal preference and all that, yadda, yadda, yadda.

One of the biggest keys to doing Lonnie deals is to make sure that you are working in parks / manufactured home communities (I prefer to call them) that are dealer friendly.

You would normally have to deal with taxes and insurance on your own, which I prefer.

The stock market is too efficient.I prefer to spend more time on less efficient markets like RE where my extra knowledge and research will likely allow me to earn above average returns.

Actually, I prefer to do it that way.