Looking for a solid tool that other investors are having success with.I was hoping you could lead me in the right direction.Thank you!

Really looking to connect with locals about their experiences, get their advice, and hopefully find a mentor that can help me out.

I see a lot of people with experience in mobile home park investing on here, and hoping someone wants to give their $0.02.I am in Austin, TX, and like many other places seeing explosive growth and prices driven sky high, 50-100k over asking for SF homes etc.

Just plan to keep expenses on a spreadsheet.  6) We got an umbrella insurance policy vs LLC - lots of forum threads on here about the differences and which one is best depending on situation.  7) An emergency fund is paying yourself, I don't sleep well whenever mine gets low.  8) For me, it would depend on your financial level, time to retirement, and/or if you have income you need to offset or not. 9) you need to figure out if selling with the up-to- $250,000 capital gains tax free for primary residence is better financially for you than renting as you'd be converting to a rental and potentially losing that tax advantage (takes a lot of monthly rents to equal that benefit), and talk to your accountant about the depreciation as I think they still value it as depreciated when you sell even if you forget to depreciate at tax time.   

I would hope there would be a special warranty deed in my state as I do not want to be held legally responsible for past mistakes lol.

Hope that helps.

You can hear real-world examples of how others have built their investment portfolio and (hopefully) learn to avoid their mistakes.4.

I hope this helps you think through the options

I hope yall are planning to come to BPCON again! 

When people buy a flip and decide they don't want it, they lose money when they sell.