I can remember one particular guy pull up in a nice big Mercedes, full suit and leather shoes, and I thought to myself....DAMN i'm not going to win this bid.

It makes it feel like work/storage space.

Lower tenant turnoverLower capital costsLower operating expense loads relative to other RE asset classesAccelerated DepreciationStrong demand via continue economic pressure on the middle / lower class + boomer retirement with insufficient savings Higher cap rates relative to multifamily assets of comparable qualityA few differences of 55+ vs family parks:Smaller customer base (perhaps not true in Florida)Higher operating costs due to increased amenities (clubhouse, pool, shuffleboard, gym, RV Storage, etc.).More organized tenant base with more time - might push for rent control Far fewer bad tenant problems - likely fewer collection / eviction issues Likely easier to finance as there are typically fewer park owned homes and the communities are more visually appealingLower going cap rates so one could argue higher risk, but lower exit cap rates so if you can dramtically improve the parks operations, you'll make a higher multiple for every marginal dollar of improved NOI. 

Would you recommend; triple net rentals, Note investing, more rentals, car washes, mini storage, etc.?  

That way when you do come across a "better" deal, you'll have your shoes tied when you start running and will be less likely to trip up. 

One thing you might want to think about is, in your shoes I would consider buying higher-end properties (Class B) that will require less management.If you buy 1 or 2 houses and revise your strategy that is fine.

I would exhaust that option first if I found myself in your shoes.

You have to screen then verify... and, I got tickled because on Monday, after a trash-out, I came home and scrubbed the bottom of my shoes.

The one with a separate basement unit came to us in that configuration and I am contemplating "undoing it".Since those acquisitions, we have made a point to avoid basement apartments.In your situation, I would side with your husband and look for a duplex, triplex or quad on which to deposit your 50K.Down the road, if you look to move out of our house ... sell it ... or, if you are inclined to keep it, rent the entire house (w/ basement laundry & storage) for 1600 - 1800/mth.

So if you were in my shoes would you walk from this property?