This is all assuming the town-homes don't need any work.I can also scale this plan and try to acquire all three properties.Does anyone have any other advice?

I have some family doing MF on a small scale there.

Tax return only shows I make $15,000 a year after all deductions.How does everyone else scale things so fast and buy several investment properties a year?

Historically I have an extensive background in the Manufactured (Mobile) Home industry and I've happy to say I've moved away from "wheel-estate" over to Real Estate, lol.My goals here are to learn, share, bounce ideas, network and ultimately scale my REI business into the financial freedom foundation I'm aiming for.Many cheers to all of you contributors who have unknowingly helped me get my business off the ground and I look forward to all of our continued success!

Single family homes are great too if you have a system that helps you scale it properly.

I own a handful of properties that I manage and have been a landlord/investor for 20 years on a very small scale. 

On a nationwide scale there is no reason to believe that, based on the ratio of new households to new housing construction, the supply is anywhere near the demand for units.

I'm an IT professional from the Kalamazoo area, looking to get into small scale buy and hold real estate investment (think 8-10 2-4 unit properties max, long-term).I'm new to these boards and to real estate in general.

There's tons of money in the bigger properties - and I would suggest most bigger investors like those because there's lots of economies of scale.  

Anybody who rents at scale will generally have set criteria and will not deviate because of FHA..