I think it’s the only way to go, learn a lot, you care for your property the best you can, etc.Steven

This is why you need to do a ton of due diligence on them and make sure they have skin and the game and something to lose.

I own thirteen mobiles in one of my parks and the only way it pencils is that we A) take very good care of the homes staying ahead on the maintenance, B) Rents are high in the area so we can charge $550 over the pad rent which is $450- so $1000 per month.  

HOWEVER, I recommend reading Stuart's advice above very carefully and perhaps soliciting his feedback on the deal in more detail before putting too much more time into it. 

It’s not uncommon to rent by the room to individuals, but it requires some careful management.

But unless they advertise the seller finance (and be careful as most are really bad deals), then you'll need to talk them into it.

If you are taking care of things, any punitive damages would zero or very small.

While many gurus glorify the strategies they’re selling through courses or books, methods like out of state investing aren’t easy and can put you in a tough financial spot if you’re not careful.

Thank you76542 is going to be the best zip code to be in. 76543 you are going to want to tread carefully and be sure to check the specific neighborhood and street you are looking at. 76549 has 2 divisions that are very different.

Well it will need to be life changing events like having kids, new job, divorce, taking care family members etc but the rule of thumb is to live there for at least one year then being able to rent it out and converting it into an investment property.