I have explored all these options and still dont know where id want to start, when it comes to modifying homes, I dont got many, or any skills infact that can help me with that, when it comes to renters, I have heard many stories of them not wanting to pay, and the landlord going through a hardtime to get them out or get their money, or even both, and lastly with buying homes in developing areas, and this sort of covers all 3 of the topics I covered, all I hear these days is how bad the market is and how we may go into a recession, the reason this rumour worries me is because I know my parents were affected by the last one in the late 1980s n early 1990s, and I dont want to suffer the same fate.

A recent forum post (Dollar-Cost Averaging Applied to Rental Property Acquisition) has me thinking about market phases: Recovery, Expansion, Hypersupply and Recession.

In some ways I look forward to a recession for buying potential now because I have several flows of income and I see how those would be even more valuable for purchasing other assets when the economy is down. 

Probably going to rent for $550-$650 per month if you own the lot (dirt) or $350-$450 if located in a park where the tenant/buyer has to pay lot rent.If (1 or 2) go empty you still have (8 or 9) paying...do the math.Yes, there will be 9 times the management.  9 times the upkeep and repairs, but my experience has been mobiles are less expensive to repair...except for heat and air units.Yes, they do not appreciate in value, but stick built homes haven't appreciated much since the Great Recession,  so look at a mobile like a used car, maybe like your car with the hail damage,  that has depreciated.  

He made double mortgage payments every month until he lost his job post recession.   

The biggest con with the south side in my opinion is that it took a higher hit on property values during the last recession and hasn't recovered very well in some sub sections, so a bit more risk long term.

Since then he fully renovated the kitchen adding all new stainless appliances, quarts counter tops, new cabinets and recessed lighting.

At the first recess I asked the attorney who subpoena'd me if I could go sit in another room because I felt like all this testimony was none of my business and I should not know what goes on in this guy's family life, but he said he would call me next.

We are in a major recession nationally, you can’t expect that this area will be immune.

These things as well as a peaking economy in 2000 caused a recession until the end of 2002.