I would enjoy the aspects of real estate.

•providing you with monthly and annual financial reports, so you always know how your property is performing •tracking and invoicing tenants for CAM charges •maintaining and keeping your property in exceptional condition and undertake specific preventative maintenance processes•professionally marketing your property to minimize vacancies and maximize income via my numerous industry related affiliations and web presence •overseeing the leasing process (if requested) finding qualified, suitable tenants, and professionally managing every aspect of the landlord-tenant relationship •overseeing initial tenant improvement installation and/or renovations •collecting rent and late •ensuring that your property complies with federal, state and local laws and regulations •maintaining insurance policies for the property and coordinating the payment of all property expenses •responding to tenant requests in a prompt and professional manner •providing you with a successful advertising strategy that keeps your property rented •credit and background screening to insure your property is respected •cost reductions- your property will benefit from detailed expense reviews and wholesale pricing for re-occurring and non-recurring expenses.

Eric M,Great topic as I am one of those 'Try to study EVERY aspect and do NONE'.

Like everything It qll depends on how well you buy.I would not suggest buying a Park untill you know the mobile Home aspect of it.Originally posted by Mr_Investor:What's better mobile homes or mobile home parks as far as investments and cash flow is concerned?

There is a lot of good info on this and other aspects of rei on the forums...visit daily so you have a foundation of knowledge to work with.

John C, You also made an excellent point on my need to keep up with may parent's finaces and be throurougly aprrised of all aspects.

In looking long term, I want a property that will cash flow, appreciation should just be an added bonus at the end of the day.It seems like each of his rules could be applied to certain aspects of RE investing, but when you look at them with a blanket approach to all RE investing, they are very vague and don't really offer any true guidance.Just my thoughts.

So, he brought some back from class one day-just as a scientific experiment?

Welcome to BP community @Art Pulphus  It is a great place to meet new friends and learn about various aspects of real estate and more.

You can either wait for time and the value of money to with inflationary aspects to increase value (which, BTW, your economic position may not be changing much) or you can force appreciation by identifying the potential of a property.