Background (short & sweet):I started investing in February 2004 with two single family rentals and moved into developing, but got burned by contractors and the economy during the economic recession.

Normally I'd refer you to the no money down book by Brandon Turner, but you seem a bit burned, and I have been there.

I am currently buying cash flow properties out of state but I will probably sell those properties in 5 to 7 years in a 1031 exchange to purchase an apartment or mobile home park locally within 2 hours of here.

When I was younger I did the 80 hr week thing and after a few years you will burn out.

Other areas that are good for income producing/defensive investing our mobile home parks, self storage and senior living.

He even tried to burn down my building while attempting to kill himself.

.— (1) As used in this part: (a) “Broker” means a person who, for another, and for a compensation or valuable consideration directly or indirectly paid or promised, expressly or impliedly, or with an intent to collect or receive a compensation or valuable consideration therefor, appraises, auctions, sells, exchanges, buys, rents, or offers, attempts or agrees to appraise, auction, or negotiate the sale, exchange, purchase, or rental of business enterprises or business opportunities or any real property or any interest in or concerning the same, including mineral rights or leases, or who advertises or holds out to the public by any oral or printed solicitation or representation that she or he is engaged in the business of appraising, auctioning, buying, selling, exchanging, leasing, or renting business enterprises or business opportunities or real property of others or interests therein, including mineral rights, or who takes any part in the procuring of sellers, purchasers, lessors, or lessees of business enterprises or business opportunities or the real property of another, or leases, or interest therein, including mineral rights, or who directs or assists in the procuring of prospects or in the negotiation or closing of any transaction which does, or is calculated to, result in a sale, exchange, or leasing thereof, and who receives, expects, or is promised any compensation or valuable consideration, directly or indirectly therefor; and all persons who advertise rental property information or lists.Keyword real property of othersHere is the Fl definition of real property(i) “Real property” or “real estate” means any interest or estate in land and any interest in business enterprises or business opportunities, including any assignment, leasehold, subleasehold, or mineral right; however, the term does not include any cemetery lot or right of burial in any cemetery; nor does the term include the renting of a mobile home lot or recreational vehicle lot in a mobile home park or travel park.Exemptions.

It is in a mobile home park where the rent is $432.

So i purchased a mobile home that was already in a park, the person i bought it from was currently renting the property but after the last tenant left she decided to sell.

It sounds like to me this investor may have been burned before and now is extra cautious or overly cautious.I talked to a hard money lender using some assumptions about the property's condition since I haven't seen it and he said that it really wasn't that good of a deal.