If you hire a PM, your financial account structure can be simpler.If you plan to continue purchasing rentals, I like some key accounts at the "management" level (income, opex, tax, owncp, reserve) and only have 1 checking account per property to prevent having 100 accounts and unnecessary complexity.

.- I live in Raleigh, 10-50 unit complexes will be hard to come by unless you're okay paying a premium.

Here’s MY general feeling; if a MHP isn’t TOH, or I can’t easily switch from POH to TOH, then I might as well purchase an apartment complex and have less problems.

While both involve finding and properly securing a site and bringing it to full entitlement, the ground-up process includes the land piece but gets way more involved and complex to execute.The full "Monty" for ground-up development needs to include financial literacy, an explanation of metrics, and how they work.

Over the past decade I have invested as an LP in about 50 apartment complexes. 

Amenities also drive demand to a rental and its much easier to have something like a pool if you are in a complex.

@Tyler Speelman Your strategy to assist your sibling with a down payment while minimizing tax liability is creative but comes with complexities.

The sheer complexity of this matter alone is enough to illustrate the problem, but this is just the tip of the iceberg.

They are 100% correct.The downside sometimes to forums is people have a superman complex and get the impression real estate is easy as they think everyone is doing it and just jump in without the knowledge or expertise.

I heard a story today of a condo owner whose entire complex was lost.