My wife is from Jersey, and I am always struck by the similarities between where she grew up and the Berwyn/Forest Park markets I invest in here in Illinois.

In looking at this topic further, i was informed that the city needs to keep a certain amount of streeet parking on the street, and every other house has a drive way assigned.

You will have setback requirements, lot coverage and possibly additional parking requirements depending on the number of bedrooms etc.You will have to run the numbers to decide if it’s a sell or hold strategy.

How does a market downturn impact the mobile home parks and Multi-Family properties differently?

Most laws are still really good by national standards, but almost everything that makes the state laws awesome is specifically being called out as a problem by Democrats.

@Natalie HahnI think you've kinda missed the boat for the Bay Area to be honest... people are moving OUT of the Bay Area into the Central Valley (Stockton) and Sacramento.Sacramento is #7 in the nation for Rent Growth in the country:https://www.bizjournals.com/sacramento/news/2019/01/10/sacramento-is-7th-on-list-of-top-rent-growth.htmlMakes sense, as everyone coming from the Bay Area is used to paying WAY more for housing, so everything in the central valley looks like a screaming deal. 

@John WarrenI am in New City, near Sherman Park on the Southwest side.

Some of the homes in our park sell for as little as $2,000, while the median home in the U.S. is $200,000.

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

It is also easier to get investors since you can get anchors or nationals as your tenants.When screen tenants, you're analyzing their financials instead of a criminal background check.