Probably not realistic, so I'll keep my eye out for an existing small to mid-sized park.

@Todd Rasmussen we did look at 1 house in Sugarloaf that was priced in the mid 200's definitely not a bargain you'd expect.

I started in NYC back in the mid to late 70's when President Ford told NYC to drop dead and the city was in really bad shape. 

Haven't done that before since we're mainly interested in mid-sized deals, ie. 20-60 unit MF in the $2mil to $10mil range. 

I’m closing on the sale of my duplex early-mid Sept (St Paul, MN) Upper unit vacating end of August (I did not renew their lease and gave them 90 days notice).

Many investors stick to the mid-level cities that have not been overflooded with investors just yet.

I agree with the other posts about looking in the the mid west.

Usually past mid-life.

I have a friend here in Virginia with a home built in the mid 1760’s that has less problems and performs better than his nightmare property that was built in the early 1980’s lol.

I see plenty of deals that are 5-7 year holds with mid-teens IRR, which means even if you're getting a preferred return of 6-10%, after the sale, the expectations are to have a much higher annualized return 15-20%.