These kids work like dogs, long hours, so being in the downtown where conveniences are is great.The one constant between all of them is that their parents are very much involved in the process.

So, be careful and make sure you triple your repair budget/rehab expense.Don't get me wrong, if done right, these can be cash cows! 

@Aarti Bambha Be very careful about searching by zip codes in Indianapolis. 

Also, we allow our dogs to sleep with us every night and the hosts did not encourage that.

Just be careful.

I don't really care about the difference between the lot rent and POH because, from the park's point of view, the owner of the the 20 POHs is just another tenant, even though the the owner is the same.MHs have a "Blue Book" value which makes valuing the "POH rental business" pretty easy.

Be careful so that we're not doing "deal making in the forums" For us, we sold the manufactured home we remodeled in La Pine after one day on the market.

well  before you work with Jack you should treat him like a tenant..pull a credit report and run him through a criminal and general background check.if he balks you have your answer.it always amazes me that folks will jump into these large partnerships with a ton of risk and not even do the basic background on the partner.but rent some 12 dollar an hour person your rental and you would never do it without doing the above.now most folks will jump on here and say brilliant things like RUN  LOLbut lets be pragmatic here and just check the guy out first.. then when you have that info.. go from there.Also be careful on how you deal with the bank you don't want to put in a fraudulent application..

Be very careful on this one.Good luck.

Tenant quality will usually be better with less headaches for the investment.Even in warm belt states there are really bad areas with crummy tenants and PM companies so you have to be very careful.