A condo in myrtle beach can preform well, but a condo in The Smokies is not ideal. 

I'm in the process of doing it for one of my buildings, and I think that's the first ever.Definitely, buildings where buyers can't get mortgages would be ideal.

My ideal situation would be to either save up to 50k-60k or enough to do a BRRRR all by myself, and then churn out 4 or so properties a year by re-using the same chunk of money over and over, pulling it back out at the refinance each time.

So yes, I agree with Rick - it is the flipper's reputation on the line, and I won't recommend the contractor-owner who flipped this house to anyone ;).I may not have been on the ideal forum for this question, but appreciate the replies!

In an ideal scenario, I would be in a market that was in close proximity, with plenty of buying opportunities, and offered great CoCRIO and IRR return metrics. 

Hello Forum-We have a MI park under a contract with high occupancy, strong financials & a strong metro/town, however, we’re finding a number of banks are not moving ahead with underwriting approval due to the fact that we are out of town investors or they don’t invest in MHPs.If anyone knows of MI banks (ideally Western MI area) that invest in MHPs under $1M, please advise.Thanks

This program is ideal for homeowners such as landlords and/or senior citizens living on fixed income.

So in your example, if your ROE is only 5%, and you have other investment opportunities that can make more than 5% (ideally 10% or 15% or higher), then it is time to 1031 exchange into another property, or sell and put the money towards another type of investment.Put simply: if your ROE is LESS than the ROI of another investment opportunity, it is time to consider selling.Obviously you would also want to take transaction costs and taxes into account as well.

Obviously, it is less than ideal as I will not be able to physically look at every property I am interested in, and not to mention the challenge of trying to get financing while living/working abroad. 

Not ideal, but they will want to see things in person.