Barrier to entry is low with really strong/stable LTR.

They probably don't even realize their return is low, they are just happy to invest passively in real estate, be part of a "deal" and magically make $50,000 after locking up $300,000 for 5 years.

What do you think are the best neighborhoods (low crime, good schools, able paying tenants, close to transportation, shops, restaurants, etc.) and which areas you would stay away from ? 

Unless your properties are free and clear or mortgaged so low that the rents will recoup your building costs in 12-24 months by adding more sqft...

In his numbers the liability insurance seems really low (like $500/year), I know the park owner owns his own insurance company so I'm wondering how skewed that number is.

I can't tell you how many hosts that have used multiple PMS said they are the easiest and switched back to Hospitable due to ease of use and low cost!

Same thing as Bruce with the flood zone...on paper was located in a flood zone but the actual risk seems very low and the owner of the last 40 years never had a problem. 

Imagine being 70 years old and still receiving calls from tenants on Christmas Day about maintenance issues.

Your local PHA may also have resources to help match landlords with eligible tenants.The PHA must approve the lease agreement, ensuring it complies with Section 8 rules and rent limits.Pros:Guaranteed Rent Payments (sometimes even 100% based on certain tenant criteria)High demand for Section 8 rentals, which can reduce vacancy periods.Many Section 8 tenants prefer to stay long-term, reducing turnover rates.Cons:Properties must meet and maintain HUD's health and safety standards, which can involve additional maintenance and inspection requirements.The PHA limits how much rent you can charge, which may be lower than the market rate in some areas.Tenants must qualify for Section 8 based on income level and other factors, which may limit the pool of potential renters.Dealing with government agencies can sometimes be time-consuming and bureaucratic.In summary, converting your home into a Section 8 rental can be a good strategy for attracting and maintaining long-term tenants due to the stability and reliability of government-backed rent payments.

Also, you should be focused on constuction lenders who offer best leverage (usually those who will capitalize interest reserve &  finance a portion of the soft costs), lower floors on the rate since most banks tie their construction debt pricing to the fed rate, perhaps offer lower or no pre-payment penalty if the property reaches the permanent financing phase of the loan product before you are able to refinance and low or no required depository relationship outside of the actual operating ccount.