I will go out on a limb and say that almost every experienced full-time investor will tell you that vetting a large number of properties and making strong, targeted, high percentage offers on the top prospects will net you far more quality properties in the long run (and the short run too, come to think of it). 

We build them correctly to avoid future CapEx, always build them to finish quality or so they could be finished later and maximize the cost with vertical and horizontal expansion of the build.Hope this helps.  

Their employees perform a variety of functions, including water quality and law enforcement, fire suppression, harvest regulation, and even timber industry promotion.

Keep this in mind the next time you find black mold or carpenter ants.Final thought on the owner not doing routine maintenance ... if the house if older than about 20 years then you need to check all the mechanicals (plumbing, electric, HVAC, low voltage) for code, quality and function.  

So to summarize, as Michael said, spend some quality time immersing yourself in BP and then you will be able to see if you need a program at all.  

I'm betting that you can meet any sensible financial independence goal with considerably less hassle, less risk, and far fewer units, especially if they are higher quality units.

How much margin depends largely on the quality of the asset and the consistency (not just quantity) of the cash flows it throws off even in bad times.

One can always argue that the quality of properties may be better in CA, but I'm of the belief that quantity has a quality of its own.  

- There A LOT of other deal types that require little cash and are easier to do than lonnie deals.Alternatives:- buy the park- buy MHs on their own land (we own 20 or so, all are on rent to own, seller will finance to up the quality of the tenant and reduce turn over).- Stay away from MHs all together:  direct mail expired listings of nicer homes in good school districts with the deal type being lease / option or buying subject to.  

When clients ask questions about quality of schools, local demographics, and neighborhood safety, I refer them to reliable third-party public information sources rather than give my own judgment or opinion.