The authors did a commendable job showing both sides of the equation; mobile home parks offer investors stellar returns, but not without a lot of hard work and (at times) a challenging tenant base.The article features my business partner, and Park Street Partners co-founder Jefferson Lilly.http://www.bloomberg.com/news/2014-04-10/trailer-parks-lure-investors-pursuing-double-wide-returns.html

See pertinent WSJ article: http://online.wsj.com/news/articles/SB10001424052702303843104579171791879768178Contractual guarantees from a reputable builder can offer the security you need as an investor looking at out-of-state properties.JV

The good news is that the building recently had new insulation done, new furnaces and new water heaters.

This news is way too broad to be useful.

Because your budget isn't that high, you could supplement with driving for dollars (driving around looking for beatup houses), making offers on REO's off the MLS and hanging bandit signs.I wouldn't recommend News Paper ads at this point.

There was something on the news today on that program.

GOOD news though, my last mailing of ~100 returned only 5 letters.

So I fix that problem and did have the money to fix up the other property I had just purchase...but the good news I had the property and I fix it up little at a time... and now all the units are fully renting.

The good news is condo policies are pretty cheap, at least where I am.

If the defendant (tenant) prevails (wins), then the case is never made public and never appears in the index.Since most CA courts hear unlawful detainers in a timely way, anything you are looking up is old news at this point.PMs and PM companies can file the unlawful detainer on behalf of the owner.