The fourth question is what is the most efficient and cost effective way of obtaining the desired knowledge and experience and what is the way that has the least downside risk.  

Repair costs & credits aside, 203K is a more costly loan that will cut into your equity. 

Also, if we ever did decide to come back, not having to buy a home for the price they will cost in the future is a plus.  

Our partnership with Jamari Spruell exemplifies our commitment to delivering outstanding results through collaboration and effective real estate investment strategies.

Currently I do have two other investment properties in the Northeast and want to continue to acquire more but also want to take advantage of the lower cost of homes down here in the Houston area.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620, many blemishes, but should have no evictions in last 2 years.

This incident triggered every trouble I'm experiencing now. 1) The officer from LAHD is after me saying that I need to register the property as a rental property and evict her with relocation assistance, which cost about $9000. 2) The Building department is after me with the order to comply: which I believe it might be better of demolishing the house and rebuild it. 

While completely renovating an MH is cheaper than a SF, it can still be quite costly.

It will likely cost you to get out of it.

I am just a person on an internet message board, but have known enough attorneys and seen second and third hand enough lawsuits to know you are getting dragged in no matter what.Just a few things to think about before you start spending money to transfer, just to learn that it will cost you a lot more to have things like commercial insurance, commercial mortgage, business utility account (not more expensive, but typically require a large deposit to remain on account), etc.