It’s the simplest way to get a feel of what it is like to be a landlord without going through the hassle of managing rehab projects especially when you're investing out-of-state. 

Mobile homes can either be on their own lot (freehold) like most single family homes or they can be in a mobile home park (you rent the land). 

I am looking to invest in Fort Wayne and would like to make connections in the area.

I feel like one LLC per property is overkill and would be quite difficult to manage.

@Nikhil MascarenhasWhat's your exposure like? 

Lenders WILL allow a secured loan ( like a second mortgage, HELOC, Cash out refi loan).

I like REITS because of their liquidity.

I'm just looking at it from a potential risk standpoint, and looking to give you some other experience you can learn from.It's a skill you can learn, but learning it from forum posts seems like a longshot.

Bryan,Are you talking about a Bridge loan where you can take out cash like a refinance until the home sells? 

If the trip is mostly personal, then only the expenses directly related to looking at potential investment properties would actually be deductible, which is likely rather minimal - maybe some gas or Uber costs to get there?