I would like to hear positive and negatives about having a rental in a trailer park ie regulations, tenant screening ...

I can get about $1100-1300 for a 3 bed, 2 bath.I would like to hear positive and negatives about having a rental in a trailer park ie regulations, tenant screening ...

In addition, I currently have my existing primary residence on the market as well.

I'm in NC but I'm curious if these lists exist anywhere? 

With that said, you should pretend that your 401K and the $20K do not exist.

When rubber meets the road, these low-cost/low-rent properties only make sense if you're turning and burning them, or are adding them to an existing portfolio where you have sufficient reserves already.I've got a property I am looking at that rents @ ~1750 for 2 units, so taking 10% for CAPEX -- which is an estimate on my part, good, bad, or indifferent -- sets aside $2,100 per year just for CAPEX.

Hire a concrete cutter to cut openings below the existing windows.

Existing ones may be okay but will have taken quite a beating i would think.

I am thinking of targeting certain neighborhoods, ones that have a low enough FMV so that rent can more than cover the existing loan payment, and placing bandit signs, as well as sending direct mail postcards, and/or placing flyers on doors.

Could you have painted the existing cabinets?