This is largely due to the fixed nature of ongoing maintenance costs, which become proportionally more impactful as the park size decreases, thereby inflating the expense ratio.

A new owner with more capital can easily come in and decrease vacancy rates and increase supply to realize a 2-3x revenue.

Increasing for times when there is more demand and decreasing when it is slow. 

The larger properties (1,700 sq ft and above) are the ones that have seen the decreases in value and rents. 

Notice I say advertised and not going for because next, you will want to see how long these properties have been on the market and if they have decreased their rental asking amount.

You can also double hack these if you have enough units and live in one unit and use one unit for your business, but of course that decreases your cash flow but increases your usability.You can also use an FHA loan to get a mixed-use property with only 3.5% down if the residential square footage if more than 50% of the total square footage.

In addition lower rents will decrease the value of a property, not necessarily its appraised value, because no buyer will desire to pay retail for properties with reduced cash flow.

Then build a life and set goals around increasing the number of perfect days you have each year, instead of decreasing them.2.

You can find higher ROI (on paper) here and probably in other cities…but the probability of actually collecting rent significantly decreases.

On paper the cheap houses look great, but the reality is they are harder to manage, have higher turn over and cost a lot more time and money.Buying before you retire is a good idea because once you retire, your ability to borrow money is going to decrease as you don't have a regular income from a job.As you want to fix houses up, why not buy a house that needs a bit of work, live in it while doing the renos and then move when you sell it.