Could anyone provide me with their own insight or knowledge of these in terms of pros and cons or the general process?

In terms of how much money you should save up, if I were you, I would take a look at the local real estate inventory that you are interested in and save a percentage of that. 

The more equity, the better as lenders are tightening their belts in terms of LTV requirements. 

They often think an accident is different from negligent in terms of responsibility - it's not.

I've come across blog posts on the multifamily vs sfh advantage, but in terms of #s, annual roi for a unit in multifamily is often inferior to that of a sfh, at least in my area, and that doesn't take appreciation into account.

I've come across blog posts on the multifamily vs sfh advantage, but in terms of #s, annual roi for a unit in multifamily is often inferior to that of a sfh, at least in my area, and that doesn't take appreciation into account.

Depending on your situation, best way in is to house hack a duplex or SFR with an AirBnB angle (present craziness aside).In terms of next steps, get yourself an underwriting template and practice evaluating deals you see on the MLS.  

For her it was the risk of leaving a corporate job (that was resolved with my son being born and her feeling comfortable leaving, combined with selling one of our rentals to pay for a flip in cash).As mentioned, if you want her to come around you need to approach it in terms of what are important to her. 

Several reasons but the most economical are typically: 1) Cost to develop vs higher and best use of the land vs buying an existing park 2) Local resistance b/c MHP residents cost more in taxes than the property returns to the city in terms of property taxes (Charles Decker, Duke PhD MHP Researcher)Average market lot rents should be closer to $500 / mo based on the rate of inflation since the 50s.

The thing that gets me is that GC shows a lot of "luxury" units that one would think would fall above the fray in terms of people being able to or not being able to pay their rent - this makes me question what's actually going on here. 90% of our rental portfolio in CT is b/c tenants.