At the end of the day, my risk outweighed my potential gain.

How you'll need to bring it to the attention of your clients is that you're at your best when you can attend to their actual needs that make the best use of your time.

It has been about 3 years now and we've gained about $5,000 in equity through payments to principal.

If you can make it you will gain a lot of knowledge and make some good contacts.

They very much apply, if your seller is a dealer or park owner, search here for "SAFE Act" and "Dodd-Frank", for MHs pay attention to posts by @Ken Rishel , mine too LOL. :)

Whenever there is a bargain to be had or profit to be made, investors and businesses should step in, buy up the bargains, offer lower prices in order to gain market share, and effectively make the prices more fair to consumers (in this case, renters).

Since I am assuming you are only getting the $2,500 rents from the 2 higher priced units that leaves you negative $644/month.However if you are renting right now and are paying more than that it could still be a net gain to you monthly while getting some added tax deductions and building equity in a property.

I have seen notes called because of a sub-2 transaction but even that is very rare and again, that was just the trigger getting the lender's attention but was not the major reason they called the note.

Once in a while these need attention and time, but for the most part very little time is required.IMHO you do not need a license.

I guess my main goal would be to invest in real estate for cash flow, not so much capital gains.