That said, finding these areas has proven challenging.We're primarily interested in multi-family properties but have also researched turn key single family properties, vacation rentals, and even mobile home parks.  

Or do you look for Multi-family or Apartment Complexes or Trailer Parks or Shopping Malls etc?

I gave my $300,000 move-in ready beautiful vacant home to this large well known local co in Oct 2016.( Ive owned and self-managed another very similar rental in the same subdivision-- since 1998--and it has never had one day of vacancy in 16 years-- rented at $1860.This professional pm co put all utilities in their name on my new property and turned the hot water heater ON and the Water ON ( even tho the main water cutoff valve is easily accessible in the coat closet beside the garage.They let the property sit VACANT OCT-NOVand on their "routine inspection on Dec 1, to make sure hobos had not moved in" they SAW the water heater in the garage was spewing (at full blast) A 20' stream/ fountain of HOT WATERand that the entire finished closed garage was covered COVERED !!

You will also need to regularly attend continuing education courses and some brokers have mandatory meetings at their offices.If you are an arm chair investor who would like to passively park their capital in real estate investments then no you should not get your real estate license.

Permits, contractors, parking...3) ROI?

I am in central NJ - near Highland Park, NJ.

Talk to park managers, owners, local mobile home dealerships and residents in these areas.

Mobile home parks as a whole are much easier to acquire.

Some mocked up info on the property, located at 5 Arnold ave in Somerville MA Top floor, renovated, open concept Off-Street Parking Private rear deck overlooking large shared yard Private laundry and storage in basement (half of basement) Low condo fee: $120Deep condo reserves and 100% owner occupied (financing is easy) Very bright and sunny unitGreat sized bedroom with bonus office/sunroom Open concept with well-defined spaces for living, kitchen, diningCertified Deleaded (no worries if you have a kid someday) Have folks done FSBO before?

For example, you have a snow removal company remove ice and snow from your properties parking lot at 7 am the day after the storm but if someone slips and breaks their neck at 6 am they would have a legitimate claim.