They will also help you avoid any legal issues that may arise with paperwork, tenant screening, and rent collection.

I can actually have a conversation with my lenders if a problem arises.

Your "problems" will arise in collecting rent (dependent on park demographics), dealing with the municipality/city (infrastructure issues) and expansion.

If an emergency were to arise it could be available again; and CC debt is the worst kind to be carrying or stretching out.

I pulled the GAR, made edits, and read through it myself with as much scrutiny as I could and went with it, haven’t had any issues, but I also screen tenants so vigorously that an issue should never arise.

Whenever we've made exceptions and approved ppl with lower credit with an extra security deposit (or two), problems have been more likely to arise. 

Plenty of surprises can arise, but if you make it through to the other side, the additional rental income and appreciation are rewarding.Good luck!

It shields you and your family from the potential back breaking liability that can arise from folks getting injured on your property.

Aside from a few small fixes that have arised, I just sit back and collect a very fair 14% cash on cash yearly not to mention the tax advantages. there's no way I could get that kind of return here in California unless you are a multi millionaire already the deals just don't make sense for "income properties" currently looking for my second investment in the Atlanta, GA area.

Those that can't buy now or at the margin will have to buy sometime else that fits their wages or not buy.If wages are part of the driving forces behind a rise in inflation, then consumers and investors will still continue to buy at the limit of their income.