I would definitely recommend that you get a park with minimal park-owned homes, near a super Walmart, in a town of at least 5,000 people.

I own another unit in this complex and the expenses have been quite minimal (maybe $1,500 over the 2 year period), so I figured I was being conservative with the ~$2,400 estimated annually in repairs.

I am a NYC resident and have a few investment properties in the Midwest.What I am looking to do is either have a meetup in the city or a discussion over the phone about exchanging contact information for real estate teams in other geographies around the country.I love my current team out where my properties are but I would also like to diversify a little more.Ideally I would like to find someone who invests out of state and has a real estate agent, a contractor and a property manager that they currently use and would be willing to recommend.I have tried a few times reaching out on this site in different geographies but I always seem to have discussions directly with those professionals and always feel like I am being pitched too.If anyone is interested please let me know.Thanks!

The roof cost are minimal in comparison but so is the profit margin.

Living together is cheaper for both as long as they both pitch in!

I recommend reading this article that compares an LLC to an Umbrella Policy and which is best based on specific scenarios:https://www.apartments.com/ren...Other ways to minimize risk as a landlord include:Maintaining your property; if it's broken, fix it. 

You are asking the questions to minimize chance you miss something.  

I'll give the Realtor pitch of why I think it's better to list with an agent rather than FSBO.The big difference is publicity and the amount of potentially interested parties.  

I would call the YMCA, Lifetime, LA Fitness.. etc and see if you can pitch it to them.

Keep in mind, I'm starting out with a very very minimal/tight marketing budget.