I know that MHP ownership can be a cash flow machine, but am having trouble with the risk/reward matrix.

Since risk and reward are positively correlated and linked the risk aversion at the low end of the wealth spectrum is an impediment to the growth needed to make the first millionOther points in the article abound in other places like it is literally easier mathematically to make the second million because of the power of compounding and the fact that the percentage change for each subsequent million is lower.  

Just as in any other business venture you have to way the risks vs the rewards.

I approach every contractor as an investor and reward good work with plenty of follow up work on a future project.

It can be done, and I've yet to find a more rewarding investment/passion.

We bid on these projects frequently and almost always lose to these folks because they are basically buying themselves a job and do a poor job of evaluating risk/reward payoffs.

Rehabbing is extremely rewarding work!

What a reward.

RewardIt is your determination as to the risk taken and the resulting reward, such as cash flow.

The time spent versus financial reward was a bust.