Hi Dilini, I would not recommend starting renovation until you take title to the property.

That means they don't have the financial means to afford your rental and are highly likely to default on the rent payment.I recommend you watch them like a hawk and start figuring out how to handle late payments, non-payment, and eviction immediately.

As I get read more info I may ask for an attorney recommendation.

Thus, I have been looking into the apartment complex space and continue to educate myself in the event that opportunities continue to be brought to me.Sooo In digging into a number of courses my concern is this with the larger 10+ apartments and high numbers 1 million and up.

If you don't have the vision to have MANY airbnbs in Champaign I'd suggest figuring out a strategy you have a long term big vision.Pros:  High cash flow (if done right), typically properties are oddly better-taken care of, sexyCons:  Management/system intensive, always on call, regulation can change things instantly  

Decent purchase price to rent ratioSome of the areas I'm looking into are:HaywardSan LeandroOakleyConcordPleasant HillBrentwoodTracyMantecaTurlockModestoSacramentoMy concern about some of the areas specifically in the Central Valley (often recommended here on BP) like Fresno, Turlock, etc, is that looking at numbers the appreciation doesn't seem to meet the mark for me (purchase price to rent ratio is decent, but equity isn't very good), so I'm generally focused more on the SF Bay Area.Any recommendations on cities or areas would be extremely helpful. 

I recommend you join the local state trade association for mobile home park owners, and you will probably learn a lot and learn a lot of names of attorneys and others that can help you.

The biggest issue I run into is that the minimum loan amount is too high for most markets in our state.

Additionally, absorption reached a four-year high in the latter half of 2023 (93.3 MW), pushing vacancy rates down to a four-year low of just 2.5%.Market Share and Preleasing: Hillsboro’s data center stock now represents 5.1% of the total primary market inventory.

I think there are some sites that let you post land to camp on (i.e. tents).I'm not sure what the weather is like there as the only thing I know about new mexico is what I saw from breaking bad. :-)   But you might want to even consider putting up a yurt (glorified commercial tents that are relatively cheap) and furnishing it and then renting the place out on airbnb.Is there good fishing on that river?