@Jacob Brattainif the lot rents are that low then that is a reflection of the quality of tenants inhabiting that park.

A lot of high quality investors and real estate professionals in general you would add value to.

Our first set of renters was not the best experience, and I learned the value of making sure that you have good quality renters!

@James Monaghan If you create a Facebook marketing campaign, you can add additional screening information onto your landing pages to help you get some of this pre-qualification information.

It is stupid because you get what you get and these houses may be retail quality, but likely are foreclosure quality, needing lots of repairs.I did not have entrance to either house prior to purchase.First house I knew has condition issues inside, and major roof issues. 

Properly screening them.

In regards to tax benefits, I would recommend talking to a quality CPA in your area.Robert Leonard

I would consider $750 - $1,000 per room as a deposit.This is all based on assumptions because I don't know your actual plans, your experience level, the quality of students (Harvard Med vs.

Can anyone point me in the direction of a quality online review course? 

So when I say relative, I mean the type and quality of property is a factor.The 1% or 2% rule doesn't take into account expenses or condition of the property, so it is not a complete metric.