Pros:Strong cash flowMajor affordable housing shortage in the countryBarrier to entry - zoning prohibits new parksPride of ownership - the residents own the homeLower operating costs - the residents own the homeLower touch - the residents own the homeSticky residents - costly to move a homeEasy to raise rents - costly to move a homeRecession resistant asset class - affordable rentLarge private equity funds are entering the space - drive prices upMom & pop ownership - opportunities to improve NOI and valueLower entry cost per door - less capital neededCons:Not sexy - smaller resale pool (but that's changing)Stigma - some counties try to stop operations (poorly operated parks, criminal activity)Stigma - some people don't want to live in oneLower credit quality residentLess appreciation potential, unless forcedNiche investment - helps to have scale to properly operateMany banks don't understand it - tougher to financeOlder assets in many cases

I am currently working to get some hard money and possibly private money going.

Paul Sandhu is my biggest hero but if I put a $50 couch in my VRs I would get 1 star reviews and quickly have zero guests.

The nongovernment sector added 283,500 jobs, an annual growth rate of 2.8 percent, also higher than the nation’s employment growth rate of 1.8 percent in the private sector.Texas’ seasonally adjusted unemployment rate in February was 4 percent, lower than the 4.7 percent rate in February 2017.

Howdy @Mike BarryCash, Hard Money/Private Money loans for the majority of deals.  

Pine elementary, as you probably know, is a private school and very well accredited.

If you are getting financing from a bank or mortgage broker they will require you to get an Appraisal, but if you are funding it with private money it still may be a good idea to get an Appraisal done to give you a reality check of where the market really is.As investors, you need to have a benchmark to tell you when something is a good deal or not.

We are based in California though and one of our biggest issues is getting a solid agent that we feel confident with representing our interests so far away.

Hi BP family:What are the biggest pitfalls associated in purchasing and owning single family homes from a turn key provider?

We could take this to a private conversation if you’d prefer, but I would love to chat about how you got started with your first properties.