Investment Info:
Mobile Home Park Portfolio

Purchase price: $3,705,000

Cash invested: $25,000

Co-GP & LP in a portfolio of 3 Manufactured Home Communities with another 500+ pads currently under...

Single family is going to give you a much easier time getting your feet wet with how to manage tenants and a property itself.

I decided to finally put get my feet wet and start with a new build near Joshua tree.

Looking forward to connecting with some like-minded folks and hoping to get my feet wet as quickly as I can. 

With the current market volatility and future rise in interest rate, should I do a cash-out refinance of the primary residence to lock in low interest rate and purchase my first investment property to get my feet wet through the traditional way?

I don't know that short-term renters would care that much for the kitchenette given the 2nd floor is a large open gathering area and there's a wet-bar at the roof deck entry anyway.  

However, you can set up a separate, private entry, egress, bathroom, and a "hell of a wet bar" (like a kitchen with no stove) in the basement and rent it out. 

You can get your feet wet with investing and dealing with tenants without the risk.

Hold/invest and wait for downturn WHILE leasing/renting and then find BRRRR or …OPTION #2Pursue 2nd mortgage and locate BRRRR OPTION #3Get feet wet with something like a hands-off real estate investment group. 20-25% ROI type of thingEither way, I am starting down the path to putting together my “team” to do it right.Loaded question, but appreciate any insight you can offer. 

Get your feet wet and see if you really like the experience.