Learn the game on his dime and collect a few commissions.

If someone gets hurt at one of my properties, I want him/her to collect from someone other than me - the other guy's insurance, then the other guy, then my insurance are buffers :)

The only experience we have with real estate at the moment is the collective knowledge from doing research and reading books.

There are programs available for collecting unpaid rent, but they require the tenant's cooperation.

We also like to sit down with the current manager and go through everything related to how they are running the park (collecting rent, problem tenants, sales of homes, marketing efforts, recurring maintenance items, problem areas in the park infrastructure, etc)Compliance - this includes everything related to city, county, and state compliance to continue to run the property as a park.

Not the end of the world but could be reason enough to not renew, also may not be a bad thing, just need more info.Just keep in mind you can't talk to the tenant about collections, late rent etc....while they are in BK.  

I do qualify for conventional loans but I was under the impression they typically require more than the FHA 5% down?

Thank you Chris davidson for the reply it makes sense its really about building your net worth for later right instead of having one paid off its better to have more doors in your portfolio in turn they are being paid off by someone else and you are collecting the benefits thanks again

I know I'm missing certain small things like garbage collection, maybe I'm a little low on property management too, but even with an extra like 400 taken out, 700 dollars per month seems too good? 

I didn’t like collecting the rent every month.