I am making this post for anyone local to NWA to comment and potentially meet up with, so lets go grab some coffee sometime!

As an out of state investor, I need some local insight.

You would need to consult with a (local) lender to see what is available to you for that property, but I am assuming 20-30%.You would likely have 2 options with that property - 3 2 bedroom unit listings, or 1 6 bedroom listing. 

@Scott Melde You may want to check with local mobile home dealerships and real estate agents who specialize in this niche.

Meet some others locally and see what they are doing.

(option to go to 24, but I want the initial project to begin locally.)Location- OhioMarket type- Local, within 8 miles to meBuilds- Identical 2700sf, 4 bed, 3 bath , placing the same structure that meets the tenants criteria in 9 locations.Debt: Seeking a refinancing option  based on a 9% cap rateThe difference ( 450,000 x 9= 4,050,000    vs    NOI of $384,261 / 9% = 4,269,576 or $474k/property + tenant)with our continued rates of appreciation and a standardized tenant/lease structure in place, this should be a win for everyone.Who has a solution?

Has one major population driver but really is a stagnant town.

Educate yourself on the local market, network with other investors and agents, and always have a solid plan in place before making any investments.

Listings created by the owners who self-manage are likely to be less formulaic.With regards to opportunities specific to Houston, consider local for sale Facebook groups and classified ads from the local newspapers and websites (perhaps the Houston Chronicle and the Houston Press have relevant listings).

But most likely just the stabilization.Second, please join a local Real Estate Investor Association, aka REIA, in your area.