I’m waiting to hear back from a city representative to see if it’s possible to divide the lot into multiple lots and put a mobile home on each lot.Once the land is paid off and divided, is it possible to use each lot as collateral for its individual mobile home? 

I think it makes someone look foolish to state something is a bad investment in a forum where many people, operators and money partners alike, have made lots of money working together on that specific type of investment.Whereas I may not be an expert at the things that I referenced above, what I am an expert at is buying properties under market value in 5 cities in Arizona.

I'll admit, I might've bitten a little more than I could chew, but I got anxious and I just wanted to have my first property in the city that was up north. 

I'm in Kansas City so I can't say for sure but I would highly doubt they'd raise any alarm bells.

We’ve been looking at cities like Fullerton, Cypress, Anaheim, Orange, and Tustin, but we’re staying away from LA County and Santa Ana due to rental restrictions.A little about us:I’m 30, my wife is 28, and neither of us has owned property before.

As a realtor who works closely with both short-term and long-term rental investors, I’d love to be a resource for you while you’re in town.Having spent my entire life here, I know the city inside and out (Indianapolis) , from neighborhoods with strong rental demand to up-and-coming areas that offer excellent long-term growth potential. 

Like any city, there is dilapidated housing stock in rough areas that can cost more to upgrade than they are worth. 

Quote from @Reyna Ayala: Hi first time landlord to a duplex in new city.

Check out the chart showing the fast rent growth and declining rent growth cities, which could help inform your decision on growth markets. 

There’s a smaller hospital nearby and a large one the city up but I don’t think the nearby ones cover the point you’re making.