What a treat to have a CPA who responds, is detail oriented, and a team player.

It would seem that you are competing with all the other bus riders for the best deals.

The key for me personally is to first build a strong team before you buy anything (whether local or remote), it's just like any other business, you can't win without the right players (even if it's in your own backyard).To give you a more concrete picture of what is possible in rental market in the Midwest, I'll cite one of the properties we are currently rehabbing in Kansas City, MO:Turnkey price including rehab = $68,500 ($69,423 including closing costs)Rent = $900Net = $597 (after deducting taxes, insurance, management, and maintenance reserve of $70)Straight Cash ROI: 10.46%Loan Payment @ 20% down 5.5% over 20: $377/moCash on Cash ROI @ 20% Down: 19.27%And if anyone else has a better deal for sale, please let me know :-)

I take care of my properties and hire competent workers so I feel quite confident that if he took me to court over it, that I'd win (regarding the claim that my roof damages his).The question that I keep wondering is "does he get mad at the rain for pouring water on his roof?"

Look at competing parks, and determine what is a reasonable lot rent.  

In my area that means that a lot of "wholesalers" are competing for the same property.  

I don't know CRE so maybe a fund is not intimidating to commercial players.

Same thing here though, everything I'm interested in won't allow me to keep projections conservative if I want to compete. 

@Jason Powell be sure to check out Tucker Merrihew from TTM Development - he is a pretty large player in PDX.

Sure, you may have short-term set backs, but over the long-run the best player takes all of money from the player who only thinks about the cards.In a similar fashion, being a successful real estate investor has little to do with real estate.