In the future, to reduce exposure, I would probably rent through a LLC - either a large place in an awkward spot (i.e. on a busy street, not surrounded by homes) or a commercial office that was previously a home and turn it back into a residence.Hope this answer helps.Best,Dave Dave,I'm curious about your choice for a location if you were doing again.

My friend Ryan Groene (I'm surprised he's not more active on BP) knew he wanted to get into MHP's and went to a couple bootcamps/seminars.  

Homes on land is my preferred choice but recently I got a great deal on a home in a park.  

Hi Ryan,Depending on where you are in Northeast Ohio, you certainly are in a decent area for this type of investing.

I like @Adam Schneider, @Chris Martin, and @BJ Henderson 's remarks.The bottom line is that your question is too broad to answer, as there are way too many unstated variables.But if I were to make some assumptions about your question, my own couple of pennies is that if you're smart, driven and persistent (and probably a few other choice adjectives), a beginning investor has a chance of making it work in the Raleigh market.

My mom's house HOA are higher than that).I don't think I had too many choices, so buying a rental and hiring a professional to manage it and deal with all stress and me just watching money pouring into my bank account sounded like a wonderful idea to me, LOL.

Everyone deserves a chance, but I prefer my operators to get their training on their own dime versus my hard-earned money.Match Your Investment GoalsJust as the best plumber in town would not be a good choice to give you heart surgery, a growth focused operator will not be able to provide you the cash flow you need to live on.

This can be very expensive and is usually the worst choice to make because you can't justify the cost.2.

If they say no, you need a new PM, a professional and then you have only 3 choices.

This would really speed up my cash out refi process with my banker of choice.