HOA may have CCR's concerning renters limiting exit strategies.

Should purse a consulting type of business or can I simply establish a property management company with certain limitations since I do not plan on acting as a real estate broker?

I do one flip at a time, I know my mental limits and I like to enjoy the process and not resent it out of obligation!

This, I would expect, would greatly limit the pool of potential buyer and does not make sense to me. 

In my limited experience portfolio lenders don't like properties worth under $50k and some of them even don't like properties worth under $100k.

I would purchase some land in a phased residential development, Anywhere.Don't limit yourself to Detroit or Michigan.

While some manufactured homes are attached to real estate by means of a permanent foundation, many more are not1 , and the collateral with which to secure the loan is limited to a title lien in the same way motorized vehicle loans are secured.

That goodwill will go a long way with your current tenants and limit their animosity toward you for raising rents.

One caution is a property that size will have a limited market since it won't be able to get residential financing.The quadraplexes look to me like a pure appreciation/speculation play - I wouldn't want to be highly leveraged on those. 

Does anyone have any recommendations on what would be the best first investment for a young investor like myself with limited capital?