Hey BP, I am Juan Nunez currently living in Orange County NY.Back in 2007, my wife and I try getting into the REI, we started out forming a LLC, my wife got her Real Estate license but we didn't follow through with the investing. when I look back I would say it was because a lack of knowledge, fear and no direction.We are looking to find our niche in buy and hold, property management, looking forward to being a productive citizen in this BP community.Juan.

I understand and agree with the theory of picking a niche and mastering it so I'm curious which types of investments someone who has been around the block might think are best for me.To help facilitate this let me provide some background on myself and my current situation.  

One of the guys (the president) has been in the real estate business for about 20 years and the other guy has been doing marketing for about 20 years and now, among other things, teach a class for$67.00 per month.Keep whatever niche you select to a simple task and keep it simple, when you start.  

It's actually for a current probate case I'm working on but after going through the motions I would like to start looking into this niche more.

You should figure out what your Niche and Strategy would be first.The Best Beginner’s Real Estate Investing Course OnlineModule 3 explains Niches and Strategies.I will be Flipping Single Family Houses (to make Cash) and reinvesting that cash in additional flips and also Buy and Hold Single Family Houses and Small Multi Families up to 4-plex for long term.I have not narrowed down my Area (Zip Code) yet.You could also House Hack your first Property while LearningHere is another post similar to yours:https://www.biggerpockets.com/forums/12/topics/413684-i-pondering-what-to-do-next-want-to-make-a-good-investmenthttps://www.biggerpockets.com/forums/12/topics/413149-what-direction-should-this-newcomer-go

This is definitely a more unique approach.

Decided to go into the mobile home business due to less competition and the opportunity to focus on a niche not many knew about.

Assuming I put in the hundreds of hours required to master this niche, what are my odds of seeing 15%, 20%, or even 30% annual returns in, say, NPN 1sts or NPN 1sts in combination with performing?  

Then we'll rent the property up and enjoy our monthly cashflow for the years to come :) This deal is unique because it's lipstick flip (interior & exterior paint make up 80+% of our renovation budget).

I have done some brief but extensive research on what "strategy" and "niche" I should pick up in order to create the best cash flow and stability, in which my best interest and realistic goal would be to invest in a multifamily home with the buy and hold strategy.