Huge lot and 2-car garage.I raised the rents right after closing, keeping one existing tenant. 1-1 $1850 (partially finished basement with bath).3-1 $1450 (existing tenant)1-1 $1000For a total rent roll of $4300. 

@Arlyssa WarnerAs mentioned a mobile home is not real estate - with it being in a community where they don’t own the land it’s the equivalent of buying a car.

Fire Dept arrives and garage door is melted, car is melted.Guests call us the next day and tell us the neighbors shot fireworks and hit the house and started the fire and we owe them for damages.We get 3 different camera angles from neighbors clearly showing everything. 

The time spent meeting pest inspectors, home inspectors, roof inspectors, HVAC guys, septic inspections, any contractors for work that needs done, photographers (paid by selling agent) signs and other marketing, Omissions and Errors insurance, MLS fees, NAR/CAR fees, car insurance, gas, only to have a deal fall apart over something.

I sometimes remember the time in my car on the way to Houston when I learned of my mom, and you were there and I'm glad  you were.  

Hi Nina.If I were not experienced in land lording and property manager, I would look personally to the extent you want to learn or experience property management versus hiring someone else that you trust to do the job.Yes, the cost for a property manager is important but not essential- the cost between property managers are not double or triple the cost of others (say like attorneys in some areas of law or cars). 

Just like buying a car , i dont tell the salesman what I can afford , I negotiate a price and then provide the proof 

It took 90 days to access some of the money, but his credit was messed up and he almost lost the rentals as well as almost lost his home and his cars Due to not being able to make the monthly payments as well as make the insurance payments required by the loans.

I particularly purchased SF that has 3 building and I can fit in 10-15 cars inside. 

You just can't be parking your car here."