We just purchased a mobile home park in NC and have acquired some tenants. 

I am in the process of acquiring my first investment property (4 plex) via a current investor/client who is seller-financing to me.

Now I'm not advocating that you go out willy-nilly buying every piece of real estate in the hopes that you'll have a winner in there but my point is that you have to do the best you can, do the deals that you think have a low probability of being a loser and gain experience that will give you the skills and the access to the home runs and grand slams.If you read the books and follow the blogs and even some forum posts you might think that everybody hits home runs on their first try. 

Even people who can still afford to vacation will find a less expensive/more accessible place to go.Or, as @Lucas Carl mentioned, large properties designed for groups will probably take a big hit, as it'll be harder for all parties to spend the money to vacation together.I feel pretty secure with mine.  

In the world of the 1031 exchange, there is a saying of "swap til you drop" - meaning that a property acquired in a 1031 exchange should only be sold as part of another exchange for the remainder of your life so that the capital gains due never occurs.

I currently have about $70k in equity from other properties and access to another $30k in cash.Coming up with the other $300k for the temporary flip is the challenge.The online auction keeps getting relisted and is quite the tease.

For my day job I work as an Actuary and my primary experiences is in Risk Management, Asset-Liability Management, and Model development - which I hope to translate most of these skills into my real estate investment plan.I am interested in growing long-term wealth through acquiring a portfolio of cash-flowing rentals. 

They give you unlimited access to their database of phone numbers and emails for a flat fee (~$1k per year).

It's easy to see that they really are envious of the work that we have done to acquire our $3M rental property side hustle.

I flip distressed properties in CA and envoked the right of redemption on an HOA Foreclosure in the past.FL Is a judicial foreclosure state so if the previous home owner is able to redeem the property through the courts within the 10 day period, you would be due a refund for whatever you paid to acquire the property.Im my case when I paid then redemption amount, the investor was refunded their capital.