I can promise you you'll have your electric wiring stripped at least once and your appliances stolen. 

We quickly received excuses, let downs, and broken promises; the kitchen floor would be replaced (needed!)

So I have a real expectation of doubling the price and time that the contractor promises to deliver :) Can anyone share their experiences on starting out in real estate investing in this area?

My investors are buying homes from $20,000 - $200,000 but the majority of educated investors are choosing to stay away from the cheaper homes that promise a great return "on paper" but in the long run the vacancies and repairs kill the cashflow.

How does one find promising neighborhoods?

•Make sure you're offering a deal that won't burn the other investor...There are ALOT of little things, but educate yourself EXTENSIVELY, but DONT get stuck in "analysis paralysis" .don't buy into the fake guru programs/ the get rich quick schemes.

If the broker doesn't have a deep level of experience placing debt on mobile home parks, you could be in for a lot of brain damage and promises that are not met.

I 100% promise that if you have a deal (seller who will sell at a reasonable price), you can get someone to buy it no problem.   

- you won't see a HUGE 08 type crash IMO, I would try to define your goals and try to find properties that fit them, I promise regardless of the location you are in, you can find deals that fit your numbers instead of waiting for a supposed crash (which we have heard from experts since 2015).  

I didn't promise anything to tenants.