Here are 2 different reasons that sellers ask for cash only; Speed of Transaction- Cash only closes tend to close quicker; Property won't pass inspection- Seller knows that a traditional bank won't finance the property;  

With all park owned homes, you lose the power of the "homeowner" mentality and essentially have a lower quality apartment with high maintenance requirements, and the tenants can pack up and leave anytime. 

Why would I pay top dollar to hire a lower quality maintenance person (ie myself).

Assume the role of your guest but in the end word of mouth is your best friend here and the quality of your property and amenities is win lose here.

To me location, physical condition, tenant quality, a high demand rental market, high chance of rents increasing and appreciation are more important than how it looks according to the 1% rule.

I know the work needs to be done on the front end to ensure you get a quality tenant in the house but c’mon this is kind of crazy.

People have no imagination so if you start showing it while it is being fixed up in the construction phase you have a low percentage of getting a quality renter.

It would be on a very small scale to ensure that quality can be maintained.

Although they usually attract high-quality young professionals who have well paid jobs and easy to manage, I found the cash flow is just not as good as what I expected (which means a longer wait for financial freedom) and I will take me a while to accumulate enough to not have to work.

A quality agent can make the transactions mesh together much easier and it will be a better sign for the Seller and Listing Agent on whatever home you want to buy.The bigger piece of the puzzle is making sure that financing is not an issue and that you can qualify for both payments and that your DTI's are in range.